Qassim Cement second quarter net rises YoY, Saudi Arabia
Qassim Cement Company posted a three per cent YoY rise in consolidated net profit of SAR149m (US$40m) for the second quarter of 2012, thanks to increased sales. However, on a Q...
Saudi Arabia
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Yanbu Cement 1H net profit rises four per cent, Saudi Arabia
Saudi Arabia-based Yanbu Cement said net profit for the first half of 2012 rose by 43.4 per cent YoY to SAR360m (US$96m). Earnings per share stood at SAR3.43, up from SAR2.39. ...
Qatrana Cement workers strike on pay dispute
Qatrana Cement Company, a subsidiary of Arabian Cement Co (ARRCO) was forced to halt cement production as employees at the factory held a strike over a pay dispute and closed a...
Saudi cement sector continues to thrive
The Saudi Arabia cement sector continues to go from strength to strength and a report released earlier this week shows that local cement demand is forecast to grow at a CAGR of...
Baker and McKenzie advises Najran Cement Co, Saudi Arabia
Baker and McKenzie advised Najran Cement Company (NCC) on its initial public offering of 85,000,000 shares at SAR10 a share (IPO), representing 50% of its share capital at an a...
Saudi cement producers see 1Q rise in net profit
Two leading Saudi Arabian cement producers have reported solid gains in the first quarter of 2012 driven by higher sales volumes as a result of rising local demand. Saudi Ce...
Saudi Arabia cement capacity seen reaching 66Mta by 2015
Saudi Arabia's cement production capacity is expected to reach over 66Mta by 2015 from 47Mt this year, a report from Al Rajhi Capital said. S audi Arabia’s development plan is...
Arabian Cement Co first-quarter net profit rises 26%
Saudi cement producer Arabian Cement Company (ACC) said its net profit for the first quarter of 2012 rose by 26% year-on-year to SAR146.1m (US$88.7m), boosted by growing sales....
Qassim Cement net profit rises, Saudi Arabia
Saudi cement producer Qassim Cement Co (QCC) posted a SAR158.4m (US$42.2m) net profit for the first quarter of 2012 up from SAR147.2m a year ago. The company attributed the inc...
Southern Province Cements signs contract with Sinoma for Line No 3
Southern Province Cement (SPC) and Chinese engineering company Sinoma have signed a SAR707m (US$188m) contract for the installation of a third new line at SPC’s plant in Tuhama...