Red Sea City plan raises Saudi cement firms' share prices
Saudi Arabia’s plan to build an entirely new US$500bn city, Neom, by the Red Sea has breathed life into the country’s beaten-down cement sector.
Saudi Cement
48 posts · Page 3 of 5
Saudi Cement net profit down 37%
Saudi Cement has registered a 37 per cent drop in its net profit for the first quarter of SAR165m (US$44m) versus SAR265m (US$70.5m) attributed to lower volumes and selling pric...
Saudi producers unlikely to benefit from export ban
Cement makers in Saudi Arabia are unlikely to benefit from the government's decision to lift a ban on exports due to higher tariffs, according to Saudi Cement Chairman, Khaled A...
Saudi Arabia cement companies see sales and production fall 10%
Sales of cement by Saudi Arabian companies declined by 9.93 per cent YoY in August, while production dropped by 10.4 per cent, Mubasher reports.
Saudi Arabia: cement firms come under pressure
Saudi Arabia’s cement activities continue to come under pressure as falling sales volume and profitability remain subdued. Companies’ operational performance was impacted due to...
Saudi Arabia: Northern Cement profits fall 24%
Northern Region Cement Company reported a net profit of SAR48.66m (US$13m) in 2Q16, down 24 per cent from SAR64m (US$17m) compared to the same period last year.
Saudi Arabia: sales volumes fall 27%
Total cement sales in Saudi Arabia declined 27 per cent YoY and 39.6 per cent MoM in June, to 4.1Mt. Cement production in June was 3.66Mt, down 25 per cent YoY and 34.6 per cent...
Saudi Cement 1Q16 12.5% net profit fall
Saudi Cement reported a 12.54 per cent drop in 1Q16 net profit on Monday, hurt by a decrease in sales and an increase in energy costs. One of the kingdom’s largest cement firms ...
Saudi Arabia lifts ban on cement exports as construction sector slows
A senior official in Saudi Arabia has said that the kingdom's ban on cement exports has been lifted. According to reports from Reuters, the ban - imposed in 2008 and renewed in ...
Saudi Cement shuts down two kilns
Saudi Cement Co has closed down two kilns indefinitely as a result of high inventory, absence of growth in Saudi demand and the continuing ban on exports, it said in a bourse st...