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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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