RIYADH: Saudi Arabia’s major players, including Saudi Basic Industries Corp. and Al Rajhi Bank, are expected to see a jump in profits for the first quarter of 2022, Argaam reported, citing a report by SNB Capital. SABIC’s profit growth is estimated at 4 percent from the same period a year ago, up to SR5.04 billion, while that of its affiliate fertilizer producer SABIC
The aggregate sales of 17 Saudi Arabian cement producers fell 14 per cent to 4.3Mt in February, from 5Mt in the same month last year, according to rece.
/PRNewswire/ Cement Market Facts at a Glance: Total Pages: 120 Companies: 10+ – Including Al Safwa Ltd., Arabian Cement Co. SAE, Epcco Publishing Group.
RIYADH: Saudi Cement Co. recorded a 27-percent drop in profit in 2021 as revenues fell on the back of lower selling prices. Net income was down to SR331 million ($88 million) from SR456 million a year earlier, according to a bourse filing. Along with the profit drop, the Dammam-based company saw its annual revenues fall by 10 percent to SR1.41 billion.. This came as lower
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