Yanbu Cement Co recorded a net profit of $65.9m (SR: 247m) in the first quarter of 2013 - a 70.4% increase on the same period in 2012. The company attributed the growth due to much higher sales as a result of the start of commercial ...
Tags: Yanbu Cement, Construction
Qassim Cement Co increased net profits by 1.46% in 2012 to $149.6m. The company, which is based in the city of Buraydah, said that net profits for the fourth quarter of the year dipped by 2.1%, however, to $38.1m. It blamed this on the ...
Tags: Qassim Cement, net profits, cement industry
Yanbu Cement has announced a net profit of $192m (SR: 720m) for 2012 - a 36.1% increase on 2011. The company said that the increase had been achieved as a result of improved sales and the fact that it had started production at its fifth ...
Tags: Yanbu Cement, increase, company news, Construction
Reuters reported that global stock markets surged almost 2.0%and commodity prices rallied yesterday after US legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into ...
Tags: Saudi Market, Rallies, Fiscal Deal
According to an announcement posted on Tadawul, the Saudi Arabian Mining Company has signed a SAR 9 billion murabaha Islamic loan deal for a period of five years with a number of banks,. The report said that the company decided to ...
Tags: Saudi Arabian Mining Company, loan deal, financial flexibility
According to a report by the National Commercial Bank,Saudi Arabia's monetary system continues to overflow with liquidity as the monetary base for the fifth consecutive month,expanding by 16.4%and setting an all time record at SAR 334.9 ...
Tags: National Commercial Bank, Arabia's monetary system, SAMA Foreign Assets
Cement demand in Saudi Arabia has been rising on the back of huge government and private sector projects and an expected surge in public expenditure above budgeted levels will further fuel demand growth, National Commercial Bank (NCB) said ...
Tags: industry trends, cement