Yamama Cement Co reported a drop in revenues in the first nine months of the year to SAR107.7m (US$28.7m) from SAR164.2m in 3Q17. The fall in sales was attributed to the steep price decline in the Saudi market.
The 3Q results also showed a SAR46.4m net loss after zakat and tax. In 3Q17 the company reported a SAR29.2m net profit, according to Reuters.
Qassim Cement appoints new board chairman and vice chairman
has appointed Dr Muhammad bin Nasser Al Dawood as chairman of the Board of Directors as of 1 J...