Displaying items by tag: Saudi Arabia

Saudi Arabia: Southern Province Cement has appointed Saud bin Safar Al-Bargan as its CEO.

Al-Bargan holds over 25 years of professional experience with 15 years in the cement and building materials sector. He joined Southern Province Cement in 2011. Notable roles he has held at the company include Director of Marketing and Sales, Director of Planning and Business Development, Director of Engineering Services, Director of Supply Chain Management, Executive Vice President of Operations and Operations, and secretary of the board of directors. He is a graduate in applied mechanical engineering from King Fahd University of Petroleum and Minerals.

Saudi Arabia: Southern Province Cement has signed a 25-year solar energy power purchase agreement (PPA) with Tarshid Energy Solutions for its Bisha cement plant. The company said it will pay an average of US$1.07m/yr under the agreement. The solar power will reportedly be purchased at a cost lower than the company’s current electricity supply.

Construction of the solar system will begin on 1 October 2025, with operations expected to start in the third quarter of 2026. Southern Province Cement said that it will not require project funding, as it will not bear any capital or operational expenses. The company did not disclose details on the capacity of the new solar power plant.

Saudi Arabia: Southern Province Cement announced that its memorandum of understanding (MoU) with Yanbu Cement, aimed at assessing the feasibility of a potential merger, has expired without conclusion. The MoU was first signed in June 2024 and extended in June 2025 for an additional three months. That extension lapsed on 22 September 2025, Southern Province Cement said in a filing to the Saudi Stock Exchange.

Saudi Arabia: Al Jouf Cement has appointed Samir Mohammed Al- Rehaili as its CEO. He succeeds Mansour bin Ibrahim Al-Habda, who was appointed as Acting CEO in July 2025.

Al-Ruhaili holds over 20 years of professional experience in operational management, business development and corporate management. Notable roles he has held include Operations Manager of the Moulding Unit at Al-Wataniya Industries, General Manager of Canal Investment Company, General Manager of Al-Tawfiq Plastics Industries and CEO of Al-Tawfiq Group in both Saudi Arabia and Egypt. He has also worked as business consultant at Al-Zamil Investment Group and CEO of Recycling World Company, a subsidiary of Al-Zamil Group. Al-Ruhaili holds an undergraduate degree in industrial and systems engineering from King Saud University.

Saudi Arabia: Najran Cement has elected Fahd Abdullah Al Rajhi as the chair of its directors for a four-year period. Majed Ali Hussain Musallam was also elected as vice chair.

Saudi Arabia: The National Center for Waste Management (MWAN) completed a five-month trial with Riyadh Cement on the use of iron slag in ordinary Portland cement, according to the Saudi Press Agency. The study used 1274t of slag and showed that adding 1 - 2% improved the cement’s properties. MWAN said that the results confirm the feasibility of using industrial byproducts to cut waste and reduce CO₂ emissions.

Saudi Arabia: Qassim Cement has signed a US$298m contract with Sinoma International Engineering to build a fourth production line at its Buraydah plant. The new line will have a production capacity of 10,000t/day.

CEO and board member of Qassim Cement Omar Al-Omar said that the project will replace ‘outdated’, low-efficiency production equipment while optimising the plant’s existing infrastructure. Al-Omar added that the project will support the company’s sustainable growth strategy, aimed at meeting domestic demand and diversifying products in line with Saudi Arabia’s Vision 2030.

Saudi Arabia: Cement sales by the country’s 17 producers rose by 21% year-on-year to 13.1Mt in the second quarter of 2025, according to Al Yamama Cement. Local demand grew by 23% and accounted for 97% of total despatches, while exports fell by 16% to account for 3% of sales.

Al Yamama Cement led the market with 1.93Mt of local sales, followed by Saudi Cement with 1.36Mt, Qassim Cement with 1.14Mt and Yanbu Cement with 1.00Mt. Saudi Cement topped exports with 376,000t sold, ahead of Najran Cement with 50,000t and Eastern Province Cement at 5000t. Cement expert and CEO at consultancy firm A³&Co Amr Nader said “East Africa and Yemen have seen rising local production, such as capacity expansions in Kenya and the reactivation of plants in Ethiopia, alongside aggressive pricing from Turkiye and Iran.”

Clinker production grew by 13% year-on-year to 14.8Mt, with Saudi Cement producing 2.15Mt. Clinker inventories rose by 3% from 2024 to 134Mt by the end of June 2025, led by Southern Province Cement with 20.2Mt. Clinker exports increased by 39% year-on-year to 1.63Mt. Key markets included Bangladesh, Kenya, Benin, Ghana and Yemen.

Saudi Arabia: Southern Province Cement recorded net profits of US$11.2m in the first half of 2025, down by 59% year-on-year from US$27.7m. Revenues fell by 11% to US$111m from US$124m in the first half of 2024. In the second quarter of 2025, profits dropped by 50% year-on-year to US$4m, while revenues declined by 9% to US$52m. Quarter-on-quarter, profits fell by 44% from US$7.2m and revenues by 11% from US$59m.

Saudi Arabia: City Cement says that the Capital Market Authority (CMA) has declined to approve its proposed acquisition of Umm Al Qura Cement. The decision was reportedly due to a lack of certain regulatory requirements. In a market statement City Cement said that it was committed to full regulatory compliance and would consider its options regarding resubmitting the offer.

City Cement announced in late 2022 that it was preparing to buy Umm Al Qura Cement. It then started taking action towards the transaction in late 2024 onwards.