Saudi Cement invest SAR23m in Bahrain's United Cement
Saudi Arabian Cement has bought a stake in United Cement Co BSC of Bahrain from Esterad Investment Co for SAR23m (US$6.13m). The sale is for a 36 per cent stake in United Cement...
Saudi Cement Company
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Saudi Arabia under pressure, seeks to boost export
This week, CemNet reported that Yamama Cement has seen a sharp 34 per cent fall in 3Q18 revenues , compared to the same period last year. Meanwhile, profitability declined, fall...
Saudi Arabia: domestic firms' sales down 22% in November
Saudi Arabian cement companies saw their sales fall 21.92 per cent YoY to 4.2Mt in November from 5.4Mt in the same month last year, according to a Yamama Cement report.
Saudi Arabia: Yamama and EPPCO announce profits, Saudi Cement rebrands
Yamama Cement and Eastern Province Cement Company have announced their first quarter earnings for 2016 with mixed results. Yamama, the larger of the two, saw its profits fall by...
Saudi Cement third-quarter earnings down 10%
Saudi Cement Co posted net earnings of SAR208m (US$55.5m) for the third quarter of 2015, down 10.34 per cent compared with SAR232m a year earlier. Net earnings for the nine-mont...
Saudi Cement 3Q14 profits better than expected
Saudi Cement posted better than expected 3Q14 financial results, beating consensus estimates, according to Al-Rajhi Capital. The cement producer’s net profit grew marginally to ...
Saudi Cement Co signs contract with Sinoma for kiln upgrades
Saudi Cement Co has announced that it has signed a contract with Sinoma Technology & Equipment Group Co to rehabilitate and restart kiln lines 4 and 5 at its Hofuf factory. Unde...
Saudi Cement to rehabilitate two kiln lines, Saudi Arabia
Saudi Cement Company’s board of directors has announced that the cement producer is to rehabilitate and re-operate Kilns 4 & 5 in Hofuf factory with a total designed capacity of...
Saudi Cement net profit rises 32.3% in 2012
Saudi Cement Company said today its net profit for 2012 rose 32.3 per cent YoY to SAR1.1bn (US$293m) thanks to higher demand. Earnings per share stood at SAR7.2, up from SAR5.43...
Saudi Cement posts 31.4% rise in 4Q12 net profit
Saudi Cement Co posted a 31.4 per cent rise in its fourth-quarter net profit, fuelled by higher local demand, it said in a bourse statement on Tuesday. The firm made a net profi...