RAK White Cement to pay dividends worth AED25m
UAE-based RAK White Cement has approved the Board’s recommendation to distribute five per cent of capital as cash dividends for the FY17. The company will pay five fils per sha...
Uae
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NCC announces 39% drop in profit for 2017
Dubai-based National Cement Company (NCC) has announced a 38.7 per cent YoY decrease in profit during the full-year 2017 period, to AED53.58m (US$14.59m) from AED89.02m. Ac...
Cemtech Middle East & Africa gets underway in UAE
Cemtech Middle East & Africa 2018 Cemtech Middle East & Africa 2018 conference and exhibition has opened at the JW Marriott Marquis in Dubai, UAE, with dele...
Ras Al-Khaimah Cement records net profit increase
Ras Al-Khaimah Cement has recorded a substantial increase in net profit for the full-year period of 2017, reaching AED21.3m (US$5.79m) from AED5.8m a year ago. However, the c...
Sharjah Cement FY17 net profit up 2%
Sharjah Cement saw net profit edge up 1.6 per cent to AED65m (US$17.7m) in 2017 from AED64m a year ago, according to Reuters. Revenues of the UAE cement producer rose 6.2 per...
Shree breaks into its first international market
This week, Shree Cement made a bold move to buy a 93 per cent stake in Union Cement Co PSC (UCC) for an enterprise value of US$305.24m. It is a major transaction for the Indi...
Shree Cement to acquire 93% stake in Union Cement
Shree Cement Ltd announced on Thursday that it had agreed to acquire a 92.83 per cent stake in Union Cement Co PSC, for an enterprise value of US$305.24m, according to the Hind...
Fujairah Cement reports 3% fall in revenue
Fujairah Cement Industries has reported a three per cent decline in revenue in 3Q17, according to Mubasher. The company posted a revenue of AED136.68m (US$37.21m) down from ...
Fujairah Cement Industries reports 2Q decline
UAE-based Fujairah Cement Industries Co posted a decline in its profits during the second quarter of 2017, according to a bourse statement. Net profits reached AED8.3m (US$2...
RAK Cement Co 1Q profit down 70%
Ras Al Khaimah Cement Co reported a decline in profits by 69.8 per cent YoY during the first quarter of 2017, according to a bourse filing. Profits reached AED1.38m (US$38,11...