Riyadh-Mubasher: The second-quarter earnings of cement producers are likely to decline year-on-year due to the relative weakness in demand and slowness of construction activities in Ramadan, said KSB Capital CEO Mohammed Al-Malki.

However, Yanbu Cement will achieve profit growth on higher sales, due to the growing demand in the company's concession area which has several mega projects.

SABIC is likely to report lower earnings for the second quarter compared with the same period of 2014 on low prices of petrochemical products due to the decline in oil prices, Al-Maliki said.

He added that his company expects SABIC's subsidiaries to record low profit in the same quarter.

In addition, Al Rajhi Bank will recorded a profit decline in Q2 on the potential relative stability in total income from financing and investments as well as higher costs compared with the corresponding area of 2014.