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FINANCIAL NEWS
Cement sales volume in Saudi falls by 18.7pct
15 Jun 2017
(MENAFN) In the Jan-May period of this year, cement sales volume in KSA dropped 18.7 percent year on year to 22.6mn tons, whereas clinker production fell 11.3 percent year on year.
Meanwhile, Northern and Najran cement viewed the highest year on year fall amid the period by 50 percent and 43 percent, respectively.
In addition, Saudi, Yamama, Yanbu and Najran cement hold 50 percent of the whole inventory in the sector by 4.9mn, 4mn, 3mn and 2.8mn tons, respectively.
Moreover, Saudi Cement’s board of directors recommended payment of USD0.61 per share for the first half of the year, against SR2.75 for the same period of 2016.
MENAFN1506201700450000ID1095560890
MENAFN1506201700450000ID1095560890
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