Saudi Arabia’s Qassim Cement posts SAR 563.6 mn 2014 net profit

The net profit of Saudi Arabia-based Qassim Cement for 2014 amounted to SAR 563.60 million (€138.74 million US$150.30 million), lower than the SAR 585 million booked for 2013. Consequently, the cement company will pay a SAR 270 million second-half cash dividend at SAR 3 per share.

March 11, 2015 Read time: 1 min

RSSThe net profit of Saudi Arabia-based 8035 Qassim Cement for 2014 amounted to SAR 563.60 million (€138.74 million US$150.30 million), lower than the SAR 585 million booked for 2013.

Consequently, the cement company will pay a SAR 270 million second-half cash dividend at SAR 3 per share.

Quarry Products Auctions, Used Equipment, Rental & Finance

For more information on companies in this article

Qassim Cement

Saudi Arabia’s Qassim Cement records SAR 445mn net profit

Net profit of Qassim Cement increased 4% to SAR 445 million (€104.47 million/US$118.66 million) in the first nine months of 2015 from SAR 429 million in the same period of 2014.

The cement producer also recorded a 6% rise in profit to SAR 115 million in the third-quarter of 2015 against SAR 109 million in the same quarter of the previous year.

January 11, 2016

Qassim Cement posts Q4, full-year net earnings growth

Saudi Arabia-based Qassim Cement reported that its net earnings for 2015 reached SAR 586 million (€142.95 million/US$ 156.14 million), a 4% improvement from SAR 564 million in 2014.

The cement company posted an increase of 4.6% in net earnings year on year from SAR 134 million to SAR 141 million in the fourth-quarter of 2015.

March 5, 2015

CNH Industrial issues 2014 annual report on Form 20-F and 2014 EU

CNH Industrial has released its 2014 annual report on Form 20-F prepared in accordance with US GAAP (Generally Accepted Accounting Principles), and the release of the 2014 EU annual report, including the consolidated financial statements prepared in accordance with IFRS (International Financial Reporting Standards) and the statutory financial statements of CNH Industrial. The company also published the agenda of the annual meeting, which will take place in Amsterdam, the Netherlands, on 15April 15, 2015. Th

March 6, 2015

China Shanshui Cement Group to offer 7.5% senior notes worth US$500 million

In order to settle certain indebtedness, China Shanshui Cement Group plans to offer 7.5% senior notes worth US$500 million (€451.29 million) due in 2020. Morgan Stanley, Credit Suisse and BOC International Holdings will be the joint book-runners, joint lead managers and joint global coordinators as well as the first subscribers for the notes. China Shanshui Cement Group, a Chinese clinker, cement and concrete products maker, expects to generate a net proceeds of around $484 million.

March 21, 2014

Saudi Arabia’s SCC to close three cement production lines in Hofuf plant

November 17, 2015

Kenya’s ARM Cement to raise $105mn from selling bonds

ARM Cement of Kenya is planning to raise up to US$105 million (€97.50 million) by selling five-year bonds to private investors, and it will use proceeds to repay short-term debts.

The bond will have fixed and floating rates and issued in both US dollar and Kenya Shillings.

The company will not list the bonds on Nairobi Securities Exchange and it will initially target to raise US$90 million and raise another US$15 million if the bonds were oversubscribed.

ARM Cement registered a net loss of KES 469