The aggregate sales of 17 Saudi cement producers rose one per cent YoY to 4.8Mt in November 2022, according to Yamama Cement Co ’s data. Locally, nine.
RIYADH: A surge in construction activities due to the Red Sea and other development projects in Saudi Arabia is expected to drive the recovery of the cement industry after the demand dwindled last year on account of the pandemic. “The industry will be positively affected by renewed construction in the north, with the Red Sea Project, and residential developments. The effect
RIYADH: Saudi Arabia’s Umm Al-Qura Cement Co. has reported a 33 percent decline in profit for 2021 as its revenue fell. The Saudi-listed firm’s net profit dropped to SR78 million ($20 million) from SR117 million a year earlier, according to a bourse filing. Along with the profit drop, the cement producer saw its annual revenue fall from SR333 million to SR278 million