Arabian Cement has reported revenue of EGP2.129bn (US$111.2m) in the first half of 2022, significantly up from the EGP964.9m seen in the same period a year earlier. Consolidated profit also surged, improving from a net loss of EGP23.28m in the 1H21 to a profit of EGP119.49m in the opening six months of this year, according to Mist News.
City Cement to acquire Umm Al Qura Cement Co by increasing its share ownership
Saudi-based City Cement Co (CCC) has reached an agreement with Umm Al Qura Cement Co to acqu...