Saudi Cement sees revenue advance 25% YoY
Saudi Cement saw its revenue advance 24.7 per cent YoY to SAR387m (US$103m) in the 3Q20, supported by a 19.8 per cent growth in cement volumes to 1.6Mt.Gross profits and operati...
Saudi Cement
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Saudi Cement producers profits recover in 2Q19
Saudi Cement posted net income of SAR92.3m (US$24.613m) in 2Q19 and profits were up 59 per cent in the period compared to 2Q18, but declined by 30.3 per cent compared to 1Q19. T...
WCA appoints vice president
The World Cement Association (WCA) has appointed Mohammed A Al-Garni as its vice president. Mr Al-Garni is the CEO of Saudi Cement Co and board member of WCA. "It is a great hon...
Saudi sales rise in June 2019
Cement sales in Saudi Arabia increased 20 per cent YoY to 2.55Mt in June 2019, compared to 2.13Mt in the same month last year, according to data compiled by Yamama Cement Co. On...
Yanbu Cement sees net profit surge 81% in 1Q19
Saudi Arabia’s Yanbu Cement Co has reported an 81.3 per cent YoY rise in net profit for the first quarter of 2019, increasing to SAR72.9m (US$19.4m) from SAR40.2m a year ago. Th...
Exports help Saudi cement sales rise 7% in December
Cement and clinker sales in Saudi Arabia rose 7.2 per cent YoY to 4.37Mt (including exports) in December 2018 compared to 4.08Mt in the previous year, reports Aljazira Capital. ...
New Chairman and Vice Chairman appointments at Saudi Cement
Saudi Cement's Board of Directors have appointed Khalid bin Abdulrahman Saleh Al-Rajhi as a Chairman of the board and Muhammad bin Abdul Karim Al-Khariji as a Vice Chairman in a...
Yanbu Cement 3Q profit slips
Yanbu Cement posted 3Q revenues of SAR153m (US$40.8m), down 11.6 per cent YoY when compared with SAR173m reported in 3Q17. The Saudi cement producer’s net profit (after zakat an...
Saudi cement sales drop 26% in August
Saudi-based cement companies reported a decrease in sales of around 26 per cent in August to 2.76Mt from 3.7Mt in August 2017, according to data from Al Yamama Cement. The produ...
Saudi Cement to use GE Power's Advanced Gas Path technology
Saudi Cement has signed an agreement with GE Power for the upgrade of three GE 6B gas turbines at its Hofuf plant to increase power output and efficiency. This is the first GE P...