The combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.3 per cent YoY to SAR840.87m during the 3Q20 compared with SAR603.54m in the same period of 2019 according to Mubasher.Get A Quote
The combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.3 per cent YoY to SAR840.87m during the 3Q20 compared with SAR603.54m in the same period of 2019 according to Mubasher.
A total of 13 cement firms achieved growth in quarterly profits while Northern Region Cement saw profits fall. The net profit of Southern Province Cement Co was the highest in the third quarter rising 66.7 per cent YoY to SAR150m.
Qassim Cement saw a 22.1 per cent advance in profit to SAR110.11m while Saudi Cement Co posted an increase of 28.2 per cent in net profits to SAR106.4m.
Al Jouf Cement recorded the lowest quarterly profit of SAR8.22m but saw the highest quarterly growth rate of 643.4 per cent.
Yanbu Cement Co mpany YCC a Saudi joint stock company is one of the major cement manufacturers in the Kingdom of Saudi Arabia and the largest cement company in the Western Region with a total installed capacity above 7.0 million tons of clinker and cement dispatch capacity above 10.0 million tons per annum. Yanbu Cement is ranked as one of the top 50 companies in KSA with a paid
Arabian Cement CoSaudi Arabia Saudi Arabia 34.43 917 1008 13.0x 1.2x 3.8x 4.2x 8.8x 5.8 0 36.9 29.8 100.0 1.0 Qassim Cement CoThe Saudi Arabia 45.10 1094 896 16.3x 2.4x 6.6x 5.3x 10.5x 7.0 1 58.5 38.0 90.0 0.9
Saudi Arabia Southern Province Cement has appointed Aqeel bin Fateis bin Saeed Kadsa as its chief executive officer CEO. He was assigned to the position in July 2020. He holds a degree from the King Fahd University of Petroleum amp Minerals and joined Southern Province Cement in 1997. Most recently he worked as the Executive Vice President for Manufacturing Services.
Saudi Arabia Northern Region Cement has begun oil well cement production at its 2Mtyr-capacity Arar integrated cement plant in Northern Borders Province. Mubasher News has reported that the company will begin sale of the cement in early 2021. The American Petroleum Institute API has certified the product.
Saudi Arabia The 25th Arab International Cement Conference and Exhibition AICCE in Riyadh Saudi Arabia has been postponed from 1 3 December 2020 to a later date to be announced in due course. The cause of the postponement is the impacts of the coronavirus. Arab Union of Cement and Building Materials secretary general Ahmad Al-Rousan said For health and safety reasons for all delegates exhibitors and speakers and in order to provide all participants with a reliable basis for planning we see this rescheduling of the event as the most responsible conclusion.
Saudi Arabia Southern Province Cement has appointed Aqeel Futis Kadasa as its chief executive officer CEO following the resignation of Safar Mohammad Dhufayer. Kadasa holds a degree in chemical engineering from King Fahd University of Petroleum amp Minerals and has over 25 years of working experience. He started his work at Yamama Cement then worked in the Saudi Electricity Company in the Department of Engineering Services and later joined Southern Province Cement in 1997.
Saudi Arabia Yanbu Cement has appointed Fahd Bin Soliman Al Rajhi as its chairman. Mohammed bin Abdullah Al-Khuraiji was appointed vice-president of the board of directors and Sharif Bin Abdul Karim Al-Itani was appointed as the secretary.
Saudi Arabia Najran Cement has announced that it has completed the repayment of a US12m loan from Banque Saudi Fransi. Mubasher news has reported that the loan had been due for repayment in instalments in the first half of 2020. The cement producer retains US94.6m in outstanding loans.
Saudi Arabia Saudi Cement has reported sales worth US39.3m in the first quarter of 2020 up by 12 year-on-year from US35.3m in the corresponding period of 2019. Sales grew by 15 year-on-year to US120m from US104m. The company attributed the increased profit margin to greater demand which offset higher general administrative selling and distribution expenses.
Saudi Arabia Saudi Cement has appointed Saleh Bin Muhammad Al Muhanna as a director. He will suceed Ahmed Bin Muhammad Al-Omran in the role with effect from 1 June 2020. Al-Muhanna is currently the Director of Research and Studies Administration at the Public Institution for Social Security. He holds a masters degree in actuarial science from the University of Connecticut US and a bachelors degree in mathematics from King Saud University.
Saudi Arabia Najran Cement Company has signed a financing agreement with Bank Al-Jazira for a loan of US94.5m. Under the agreement repayments are to be made at a rate of US13.6myr for four years and the remaining amount settled in the final year of the financing period ending 2025.
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Riyadh Saudi Arabia 97 MW. Oil is an integral part of the economy of Saudi Arabia as the country is the worlds largest producer and exporter of this valuable commodity. However in recent decades Saudi Arabia has increasingly diversified its economy and today it produces and exports a variety of industrial goods all over the globe.
Saudi Cement Company SCC is a Saudi Joint Stock Company established in 1955. The principal object of the company is to produce cement cement products and invest in cement related fields. SCC operates two cement plants in the Eastern Province of Saudi Arabia. The two plants namely Hofuf plant
ThyssenKrupp Industrial Solutions in Germany has a contract from Yamama Saudi Cement Co one of Saudi Arabias biggest cement producers to build two turnkey cement clinker production lines. The two lines with an overall capacity of 20000 tond of cement will be built at a new site around 80 km east of the capital Riyadh.
Saudi Arabia is the largest country on the Arabian Peninsula covering an area of 2.15 million km2. It has land borders with Yemen Oman Qatar Iraq Kuwait Jordan and the UAE. It also has an artificial land border with Bahrain via the King Fahd Causeway. The country is the worlds number one oil producer and exporter with 20 of proven world oil reserves. It has a large cement industry and expanding infrastructure projects that require a lot of cement.
Above Summary statistics for the Saudi Arabia and its cement industry.
Given the urban renaissance and the economic growth witnessed by the Kingdom of Saudi Arabia in recent years which the Custodian of the Two Holy Mosques has given his full support and attention to a group of businessmen from the industrial sector armed with their expertise and high efficiency in both trade and industrial fields joined forces to establish a company and a factory using .
Apr 21 2019nbsp018332Parent Category Saudi Arabia Category Cement Industry Last Updated on 21 April 2019 Type Cement Plant. Area Ash Sharqiyah. Annual Production 3.60 million tonnes of cement. Owner Saudi Cement Company SCC Shareholders Activity Since 1961 .
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