City Cement Co (3003)

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News

25 February 02:41 PM City Cement expects 8% cost increase following Aramco’s fuel price hike

Riyadh – Mubasher: City Cement Company announced that the increase in the prices of fuel products used in cement production announced in January by Saudi Arabian Oil Company (Aramco) will raise its total costs by around 8%. The direct financial …

Financial Results

14 February 06:14 PM City Cement achieves SAR 82m net profits in 2023, unveils cash dividends for H1-23

Riyadh – Mubasher: City Cement Company reported a 28.70% annual decrease in net profit to SAR 82 million during 2023 when compared with SAR 115.01 million. The revenues also shrank by 17.36% to SAR 356.46 million last year from SAR 431.38 million …

Board of Directors

2 November 2023 03:16 PM City Cement logs nearly SAR 56.5m profits in 9M-23

Riyadh – Mubasher: The net profits after Zakat and tax of City Cement Company hit SAR 56.30 million in the first nine months (9M) of 2023, down 16.29% from SAR 67.25 million in 9M-22. Revenues declined by 13.68% to SAR 256.72 million in 9M-23 from …

Financial Results

15 August 2023 07:20 PM City Cement announces dividends for H1-23 following 23.5% higher net profits

Riyadh – Mubasher: City Cement Company will pay out cash dividends at a total value of SAR 56 million for the first half (H1) of 2023 upon the board’s decision on 14 August, according to a bourse filing. The cement manufacturer will disburse SAR …

Cash Dividends

17 May 2023 08:20 AM City Cement’s net profits jump 61% in Q1-23

Riyadh – Mubasher: City Cement Company witnessed a 60.85% hike in net profit after Zakat and tax to SAR 27.58 million during the first quarter (Q1) of 2023, compared to SAR 17.15 million in Q1-22. Revenues edged up by 0.13% year-on-year (YoY) to …

Financial Results

20 March 2023 11:45 AM City Cement announces lower profits in 2022, dividends for H2-22

Riyadh – Mubasher: City Cement Company posted net profits after Zakat and tax worth SAR 115.01 million in 2022, an annual drop of 28.24% from SAR 160.28 million. The Saudi firm witnessed a 13.15% year-on-year (YoY) decline in revenue to SAR 431.38 …

Cash Dividends

6 November 2022 02:15 PM City Cement’s profits down to SAR 67m in 9M-22 interim results

Riyadh – Mubasher: City Cement Company generated SAR 67.25 million in net profit after Zakat and tax during the first nine months (9M) of 2022, lower by 56.26% than SAR 153.77 million in 9M-21. Revenues amounted to SAR 297.42 million in the …

Financial Results

9 September 2022 01:45 AM City Cement announces SAR 56m dividends for H1-22

Riyadh – Mubasher: The board of City Cement Company agreed to pay out cash dividends worth SAR 56 million for the first half (H1) of 2022, according to a bourse disclosure. City Cement will distribute SAR 0.40 per share, representing 4% of the …

Board of Directors

9 August 2022 10:52 AM City Cement’s profit tumbles 63.7% in H1-22

Riyadh – Mubasher: City Cement Company posted a net profit after Zakat and tax worth SAR 41.99 million in the first half (H1) of 2022, a drop of 63.71% from SAR 115.72 million in the corresponding period in 2021. Earnings per share (EPS) went down …

Financial Results

21 June 2022 05:43 PM City Cement appoints new Chairman, Vice Chairman

Riyadh – Mubasher: City Cement Company has named Abdulaziz bin Mishal bin Abdulaziz Al Saud as the new Chairman of the board for the coming three years. In addition, Badr bin Omar Al Abdullatif was appointed as the company’s new Vice Chairman and …

Corporate Actions

18 May 2022 03:57 PM City Cement’s profits fall 74% in Q1-22 interim results

Riyadh – Mubasher: City Cement Company has logged net profits after Zakat and tax worth SAR 17.15 million during the first quarter (Q1) of 2022, an annual plunge of 74.01% from SAR 66.01 million. Revenues stood at SAR 108.10 million in the …

Financial Results

10 March 2022 05:26 PM City Cement’s profits slide 27% in 2021; dividends announced

Riyadh – Mubasher: City Cement Company has achieved net profits after Zakat and tax worth SAR 160.28 million last year, down 27.30% from SAR 220.49 million in 2020. The company’s revenues declined by 13.26% year-on-year (YoY), reaching SAR 496.73 …

Cash Dividends

1 November 2021 01:13 PM City Cement reports 25.5% decline in Q3 profits

Riyadh – Mubasher: City Cement Company registered an annual decrease of 25.5% in net profits after Zakat and tax to SAR 38.04 million during the third quarter (Q3) of 2021 from SAR 51.1 million in Q3-20. Sales shrank by 20.6% year-on-year (YoY) to …

Financial Results

12 August 2021 11:00 AM City Cement to pay SAR 0.75/shr dividend for H1-21

Riyadh – Mubasher: City Cement Company has decided to distribute SAR 0.75 per share, representing 7.5% of the share’s par value, as a cash dividend for the first half (H1) of 2021. The company will pay a total amount of SAR 105 million for 140 …

Cash Dividends

3 August 2021 01:33 PM City Cement’s net profits rise 5% in H1-21

Riyadh – Mubasher: City Cement Company achieved net profits after Zakat and tax worth SAR 115.72 million in the first half (H1) of 2021, higher by 4.95% than SAR 110.26 million in H1-20. Earnings per share stood at SAR 0.83 in H1-21, compared to …

Financial Results

20 June 2021 05:11 PM City Cement makes progress in establishing new subsidiary

Riyadh – Mubasher: City Cement Company has completed issuance of the Articles of Association and the commercial register needed for setting up a subsidiary specialised in providing environmental services and solutions in waste treatment and …

Management Decisions

11 March 2021 08:35 AM City Cement to set up new subsidiary at SAR 500K

Riyadh – Mubasher: The board of City Cement Company approved establishing a fully-owned LLC subsidiary in Riyadh at a capital of SAR 500,000, subject to obtaining the required approvals and licenses from relevant authorities. The new company will …

Board of Directors

28 February 2021 04:47 PM City Cement sees 16% higher profit in 2020; dividends approved

Riyadh – Mubasher: City Cement Company’s net profits for the year 2020 jumped by 15.99% to SAR 220.5 million, compared with SAR 190.1 million a year earlier. The rise in the annual profits was helped by higher sales value and volume and lower …

Financial Results

8 November 2020 09:15 AM City Cement proposes SAR140m dividends for H1

Riyadh – Mubasher: The Board of Directors of City Cement Company recommended distributing cash dividends of SAR 140 million to shareholders for the first half (H1) of 2020. The proposed amount represents 10% of the share’s par value and SAR 1 per …

Cash Dividends

26 October 2020 10:27 AM Tadawul suspends trading on City Cement’s stock

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended City Cement Company’s stock from trading for two trading sessions starting from Monday, 26 October. The decision comes after the company had announced the end of the creditor …

Trading Activities

26 October 2020 09:15 AM City Cement says creditor objection period ended, capital cut comes into effect

Riyadh – Mubasher: City Cement Company said that the creditor objection period to reduce the company’s capital by 26% to SAR 1.4 billion from SAR 1.89 billion has expired on 25 October 2020 and that no objection was received from the creditors …

Management Decisions

26 August 2020 09:51 AM City Cement EGM approves 26% capital cut

Riyadh – Mubasher: The extraordinary general meeting (EGM) of City Cement Company approved the board’s proposal to reduce the company’s capital by 26% to SAR 1.4 billion from SAR 1.89 billion. A total of 49.2 million of the company’s shares will …

Board of Directors

6 August 2020 05:30 PM City Cement posts 12.2% growth in Q2 profits

Riyadh – Mubasher: City Cement reported a 12.2% increase in net profit during the second quarter (Q2) of 2020 to SAR 36.2 million, compared with SAR 32.25 million in Q2-19, as shown by the company’s interim financial results. The company …

Financial Results

15 July 2020 09:38 AM CMA approves City Cement 26% capital cut

Riyadh - Mubasher: The Capital Market Authority (CMA) approved the request of City Cement Company for a 26% capital cut to SAR 1.4 billion from SAR 1.89 billion. Accordingly, the number of shares will be reduced to 140 million from 189.2 million, …

Corporate Actions

5 November 2019 01:05 PM City Cement’s board recommends capital reduction by 26%

Riyadh – Mubasher: The board of directors of City Cement Company recommended 26% capital reduction to SAR 1.4 billion from SAR 1.89 billion through share cancellation. The capital cut will be financed through the company’s internal resources and …

Company News