City Cement drops plans to acquire Umm Al-Quara Cement
City Cement Co. announced that it has completed all studies related to a potential acquisition of Umm Al-Qura Cement Co (UACC) and has decided not to proceed with the transactio...
Umm Al Qura Cement
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City Cement to assess position after CMA reject application to acquire Umm Al Qura Cement
Saudi Arabia’s City Cement Co has had its plans to acquire 100 per cent of the shares held by Umm Al Qura Cement Co (UACC) via a share swap arrangement put on hold. The Capital ...
Saudi cement sales up 13% YoY in April
Saudi Arabian cement sales increased by 12.5 per cent YoY in April 2024 but fell 18.4 per cent compared to the previous month. According to Aljazira Capital, domestic cement dis...
Umm Al Qura sees net profit plunge 72% YoY in 2022
Saudi Arabia-based Umm Al Qura Cement Company has reported revenue of SAR221.21m (US$58.99m) in 2022, down 20.66 per cent from the SAR278.83m seen in the previous year. Net prof...
Umm Al Qura Cement sees net profit slide 54% YoY in 9M22
Saudi Arabia’s Umm Al Qura Cement Company has reported a 15.13 per cent drop in revenue to SAR179.29m (US$47.8m) in the first nine months of 2022. This compares to SAR211.25m in...
Umm Al Qura Cement's revenue down 35% YoY
Saudi Arabia’s Umm Al Qura Cement Co has posted a net profit after tax of SAR12.47m (US$3.33m) in the quarter ending September 2021, down 60.9 per cent YoY against SAR31.91m in ...
Umm Al Qura Cement sees 17% decline in profit
Saudi Arabia’s Umm Al Qura Cement has seen a 16.8 per cent decline in net profit to SAR49.45m (US$13.19m) in the first half of 2021, compared to SAR59.48m in the year-ago period...
Umm Al Qura Cement appoints chairman
Saudi Arabia’s Umm Al Qura Cement Co has appointed Abdullah Abdulaziz Suleiman Alabdulatif as its chairman. The board also appointed Saud Mahamed Ali Al Sabhan as vice-chairman,...
Umm Al-Qura Cement announces 37% revenue increase
Saudi Arabia’s Umm Al-Qura Cement has announced a 37 per cent YoY rise in revenue to SAR87.61m (US$23.36m) for the third quarter of 2020, compared to SAR63.96m in the year-ago p...
Umm Al Qura reports net profit surge in 1Q20
Saudi Arabia’s Umm Al Qura has seen its net profit increase 79.1 per cent YoY to SAR38.5m (US$10.27m) in the first quarter of 2020, rising from SAR21.5m in the year-ago period. ...