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FINANCIAL NEWS
Saudi Cement’s gross profit records 10.3 percent fall in Q3
16 Oct 2015
(MENAFN) As analyst had already forecasted, Saudi Cement registered a 10.3 percent decline in third-the July-September gross, based on recent reports.
The net profit for the three months to Sept was USD55.5 million for country’s biggest cement firm by market value, a fall from last year’s USD61.8 million.
The kingdom’s deterioration is mainly driven by a decrease in sales, let alone that many analysts got it right with a prediction of USD55.7 million quarterly profit.
Moreover, the country has imposed a ban in 2008 on cement exports to alleviate supply shortages amid a surge in demand both locally and from neighboring nations.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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