Page 2 - Riyadh Cement News Today

Saudi Arabian cement producer Riyadh Cement Co posted a 28.8 per cent decline in 1H22 sales to SAR285.6m (US$76.2m) from SAR401.4m in the 1H21. The...

Saudi-based Riyadh Cement has reported a 47 per cent YoY decline in profit to SAR85m (US$22.67m) in the opening six months of 2022. Over the same ...

RIYADH: Riyadh Cement Co. has reported a decline of 47 percent in profit to SR85 million ($23 million) in the first half of the year. The profit slump was coupled with a 35 percent decrease in revenues to SR258 million, according to a bourse filing. The cement producer blamed the poor performance on a drop in cement sales. In a separate announcement, the company said it plans

RIYADH: Saudi Arabian stocks gained on Wednesday, supported by a rise in oil prices despite ongoing concerns over a potential global recession. The main index TASI advanced 0.5 percent to reach 11,727, while the parallel market, Nomu, added 1.8 percent to 20,728. TASI was lifted by a 0.9 percent rise in oil giant Aramco and a 2.9 percent surge in the Kingdom’s biggest lender

RIYADH: Riyadh Cement Co. has secured its board of directors’ approval to transfer to Saudi Arabia’s main market TASI, a bourse filing revealed. The cement producer, which is currently listed on the parallel Nomu market, has appointed Yaqeen Capital as a financial advisor for the transition. The transaction is subject to obtaining the necessary regulatory approvals, the

RIYADH: Saudi Arabia’s main stock market ended Monday with another steep decline, as concerns over the global economy and mixed earnings reports tempered investor optimism. TASI lost 0.8 percent to 12,235, while the parallel market Nomu added 0.15 percent to 22,363. Dubai’s stock market led the fall in the Gulf as it shed 2.5 percent, followed by indexes of Abu Dhabi and

Saudi cement company Riyadh Cement Co posted a 3.8 per cent decline in net profits after zakat and tax to SAR211.64m in 2021, when compared with 2020...

RIYADH: Saudi Arabia’s Riyadh Cement Co. reported a 4 percent decline in profit in 2021, despite revenue growth. The cement producer’s net profit went down to SR211 million ($56 million) from SR219 million a year earlier, according to a bourse filing. Even though profits fell, the Saudi-listed company saw its annual revenue rise 13 percent from SR590 million to SR671 million

The aggregate sales of 17 Saudi cement producers decreased by seven per cent to 4.8Mt in December 2021, from 5.2Mt in the same month last year, accord...

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