Latest news with #CityCement
Zawya
a day ago
- Business
- Zawya
Saudi: City Cement sees 27% higher profits in H1-25; dividends announced
Riyadh – The net profits of City Cement Company increased by 26.73% year-on-year (YoY) to SAR 87.92 million in the first half (H1) of 2025 from SAR 69.37 million, according to the financial results. Revenues amounted to SAR 288.75 million as of 30 June 2025, up 24.94% from SAR 231.10 million in H1-24. The earnings per share (EPS) surged to SAR 0.63 in H1-25 from SAR 0.50 a year earlier. Income Results for Q2-25 In the second quarter (Q2) of 2025, the Saudi company recorded net profits valued at SAR 36.38 million, marking an annual growth of 30.94% from SAR 27.78 million. The revenues hiked by 25.34% to SAR 139.49 million in Q2-25 from SAR 111.28 million in Q2-24. Quarterly, the Q2-25 profits retreated by 29.41% from SAR 51.53 million in January-March 2025, while revenues declined by 6.54% from SAR 149.26 million. Dividends for H1-25 City Cement unveiled cash dividends valued at SAR 91 million or SAR 0.65 per share for 140 million eligible shares. The announced cash dividends, which represent 6.50% of the capital, will be disbursed on 25 August. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
25-06-2025
- Business
- Zawya
City Cement appoints new Chairman, Vice Chairman
Riyadh: City Cement Company named Badr bin Omar Al Abdullatif as the board's Chairman for the next four years. Saleh bin Ibrahim Al Shabnan was announced as the Vice Chairman, according to a bourse disclosure. The two officials were elected for a new board term that commenced on 19 June 2025 and is set to conclude on 18 June 2029. In the first quarter (Q1) of 2025, City Cement Company generated an annual leap of 23.91% in net profit to SAR 51.53 million, compared to SAR 41.59 million.
Argaam
22-05-2025
- Business
- Argaam
City Cement board recommends no dividend for H2 2024
City Cement Co. 's board of directors recommended on May 21 to withhold dividends for H2 2024. The decision aims to support its financial position until the completion of the acquisition deal, the company said in a statement to Tadawul. The recommendation will be submitted for approval in the upcoming shareholder meeting. City Cement last paid dividend for H1 2024 at 5% (SAR 0.5 per share), data compiled by Argaam showed. Last October, City Cement and Umm Al-Qura Cement Co. (UACC) signed a share-swap agreement, under which the latter will offer to acquire all UACC shares in exchange for newly-issued shares in City Cement. The table below highlights the acquisition details:
Zawya
05-03-2025
- Business
- Zawya
Saudi: City Cement registers 76% higher net profit in 2024; revenue hits $138.9mln
City Cement Company posted an annual growth of 75.75% in net profit to SAR 144.11 million in 2024, compared with SAR 82 million. The earnings per share (EPS) rose to SAR 1.03 in 2024 from SAR 0.59 in 2023, according to the financial results. The cement manufacturer witnessed a 46.11% surge in revenue to SAR 520.83 million during the January-December 2024 period from SAR 356.46 million in the corresponding period a year earlier. Meanwhile, the annual growth in sales was mainly attributed to higher sales volume and an increase in average selling prices. It is worth noting that during the first nine months (9M) of 2024, City Cement posted net profits worth SAR 103.03 million in addition to revenue of SAR 361.21 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
