Saudi Cement Co (3030)

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News

8 February 2017 04:02 PM Saudi Cement board recommends dividends at SAR2.75/shr

Riyadh - Mubasher: The board of Saudi Cement Company recommended the distribution of cash dividends to shareholders for the second half of fiscal year 2016 at SAR 2.75 per share. According to the company’s statement to the Saudi Stock Exchange on …

Board of Directors

17 January 2017 08:48 AM Saudi Cement posts higher profits in Q4

Riyadh – Mubasher: Saudi Cement Co achieved a growth of 6.25% in net profits during the fourth quarter of 2016 as compare to the same period a year ago. Earnings amounted to SAR 187 million ($49.87 million) in Q4-16 from SAR 176 million ($46.93 …

Financial Results

11 January 2017 08:34 AM Saudi cement sales decline 24.7% in December

Riyadh – Mubasher: The cement producing companies operating in Saudi Arabia had witnessed a decline of 24.7% in sales in December 2016. The cement companies sold 4.37 million tons of cement in December down from 5.72 million tons for the same …

Macroeconomics

12 December 2016 05:02 PM KSA cement firms’ sales down 22% in November

Riyadh – Mubasher: Saudi cement companies’ sales retreated 21.92% year-on-year to 4.2 million tonnes sales in November 2016 from 5.4 million tonnes, according to Yamama Cement report. Total companies’ production declined 20.2% to 4.23 million …

Macroeconomics

24 October 2016 11:06 AM Al Rajhi Capital maintains Overweight on Saudi Cement

Riyadh – Mubasher: Saudi Cement Company’s results beat the estimates of Al Rajhi Capital, where it posted net profits of SAR 200 million in the third quarter of 2016. The company’s operating profit fell 1.4% year-on-year to SAR 207million, while …

Stock Evaluations

18 October 2016 05:27 PM Saudi Cement profit down 3.8% in Q3

Riyadh – Mubasher: Saudi Cement Company’s net profits fell 3.85% year-on-year to SAR 200 million ($53.3 million) in the third quarter of 2016 from SAR 208 million ($55.46 million). The decrease in the company’s Q3 profits is attributed to lower …

Financial Results

16 August 2016 02:39 PM Saudi cement sales marginally up in July

By: Mohamed Idris Riyadh – Mubasher: Saudi cement companies recorded a minor increase of 0.26% in July's sales to reach 3.13 million tonnes compared to 3.12 million tonnes in July 2015. The companies' sales were surprising in terms of delivery …

Sector Reports

15 August 2016 10:24 AM July cement sales lower than estimates – Al Rajhi Capital

Riyadh – Mubasher: Saudi cement companies are expected to reduce their dividends distributions soon owing to the current market's situation, Al Rajhi Capital said. Sales of cement firms were down in July and came lower than the estimates of a …

Companies Investments

11 August 2016 08:32 AM Saudi cement sales up in July

Riyadh-Mubasher: Cement producers in Saudi Arabia saw their combined sales reach 3.13 million tonnes in July 2016, up 0.26% from 3.12 million tonnes in the prior-year period, according to Yamama Saudi Cement Company’s monthly report. Total …

Sector Reports

31 July 2016 02:41 PM Saudi cement firms post SAR 1.3bn profits for Q2

By: Thabet Shehata Riyadh – Mubasher: Saudi-listed  cement companies’ combined profits declined 21.2% year-on-year to SAR 1.3 billion ($351 million) in the second quarter of 2016 from SAR 1.67 billion ($445 million). Total net profits for all …

Sector Reports

26 July 2016 04:28 PM Saudi Cement Q2 results in-line with NCBC estimates

Riyadh – Mubasher: Saudi Cement Company achieved an “in-line” set of results in the second quarter of 2016, losing 1.9% in net income year-on-year to SAR 249 million, according to a report by NCB Capital. The research firm attributed the net …

Ratings

25 July 2016 04:09 PM Saudi Cement posts SAR 249m profits in Q2

Riyadh – Mubasher: Saudi Cement Company’s net profits fell 1.97% year-on-year to SAR 249 million ($66.42 million) in the second quarter of 2016 from SAR 254 million ($67.76 million). The decrease in the company’s Q2 profits is attributed to lower …

Financial Results

19 July 2016 01:08 PM Saudi cement firms sales fall 26% in June

Riyadh- Mubasher: Saudi cement companies’ sales fell 26% year-on-year to 3.5 million tonnes in June 2016 from 4.7 million tonnes, according to Yamama Saudi Cement Co.’s monthly report. Total production of cement companies also retreated 25% in …

Sector Reports

25 June 2016 04:05 PM Tadawul investors await several events this week

By: Thabet Shehata Riyadh – Mubasher: Investors on the Saudi Stock Exchange (Tadawul) will be anticipating several important events pertaining to listed companies during the week between 26 and 30 June. These events include the distribution of …

Cash Dividends

9 June 2016 02:10 PM Saudi cement companies’ sales drop 10% in May

Riyadh- Mubasher: Saudi cement companies’ sales volume retreated 10.4% in May 2016, recording 5.06 million tonnes. According to the monthly report release by Yamama Saudi Cement Co., the total production of cement companies grew 3.65% during May …

Sector Reports

25 May 2016 09:25 AM Saudi Cement to pay SAR 2.75/shr dividends for H1-16

Riyadh – Mubasher: Saudi Cement Company’s board of directors decided during its meeting on Tuesday to distribute cash dividends at SAR 2.75 (27.5% of the capital) for the first half of 2016, totalling SAR 420.75 million. The dividend eligibility …

Event

24 May 2016 04:32 PM Saudi Cement to sell stake in Kuwaiti firm

  Riyadh – Mubasher: Saudi Cement Company on Tuesday announced signing a contract to sell its entire stake of 40% in Group International Cement Company, a Kuwaiti closed joint stock company. The total value of the contract amounts to KWD 1.989 …

Mergers and Acquisitions

18 April 2016 04:24 PM Saudi Cement profits fall 13% in Q1

  Riyadh – Mubasher: Saudi Cement logged a net profit of SAR 265 million ($70.67 million) in the first quarter of 2016, a decline of 12.54% from SAR 303 million ($80.8 million) in the corresponding period in 2015. The decline is attributed to …

Financial Results

27 March 2016 09:42 AM Saudi Cement shareholders OK SAR 3/shr dividends

Riyadh-Mubasher: Saudi Cement Co. said its ordinary general meeting held on 24 March approved cash dividends for the second half of 2015 at 30% of capital, or SAR 3 a share. Shareholders of record on the meeting date are eligible for the …

General Assembly

22 March 2016 00:30 PM Saudi Cement’s OGM Oks SAR 3/ share dividends

Riyadh – Mubasher: Saudi Cement Company announced on Tuesday that its ordinary general meeting (OGM) will be held on 24 March. The OGM will discuss the distribution of cash dividends at 30% of the capital or SAR 3 ($0.80) per share for the second …

General Assembly

23 February 2016 11:58 AM Second Saudi cement firm stops oven for market conditions

Riyadh-Mubasher: Eastern Province Cement said its board on Monday decided to temporarily stop oven No. 1 for the current market conditions and the continued export ban. This is the second time in less than one month a local cement producer stops …

Companies Investments

7 February 2016 11:13 AM 2 board members resign from Saudi Fransi

Riyadh-Mubasher: Banque Saudi Fransi (BSF) said the board approved the resignations of Jean-Yves Hocher and Thierry P. Simon, non-executive board members on 4 February. The resignations will be effective as of 17 February.      

Management Decisions

7 February 2016 10:56 AM Saudi Cement plans SAR 3/shr dividends for H2

Riyadh-Mubasher: Saudi Cement Co. said its board recommended cash dividends for the second half of 2015 at 30% of the stock's par value, or SAR 3 a share, totalling SAR 459 million, or 118.29% of H2 earnings reaching SAR 388 million. Shareholders …

Corporate Actions

7 February 2016 09:23 AM Saudi Cement temporarily stops kiln 6

Riyadh-Mubasher: Saudi Cement Co. said the board, in a meeting held on 4 February, discussed the current market conditions and continuation of export ban, which led to a rise of clinker inventory to high levels. Accordingly, the board decided to …

Companies Investments

21 January 2016 09:55 PM Changes in major shareholders' list for 21 January

Riyadh-Mubasher: The major shareholders’ list of some companies listed on the Saudi stock market witnessed some changes on Thursday, as shown in the following table:

Mergers and Acquisitions