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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