SFC issues a buy Rating for Tabuk Cement

31/03/2014 22:07 AST

SFC issued a new report covering the Saudi Cement sector on 30 March 2014. The report fully covered listed Cement equity, with a new Buy recommendation for Tabuk Cement, maintained the Buy recommendation for Ha'il and Arabiya Cement companies, and upgraded AlQassim Cement from Maintain to Buy.

The report highlighted fuel allocation to Cement companies as the main barrier for earnings growth, meanwhile producers operate at maximum utilization levels. It anticipates volume recovery during 1st Quarter 2014 following the lows witnessed in November 2013. Furthermore, SFC estimates total profit for the sector during 1st quarter 2014 around SAR 1.5 Billion, marking 15% growth from the same period 2013.

CPI Financial

News

TACCO Realizes Net Profit of SR 45.50 Million for the 4Q 2012

17/01/2013

TABUK CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING AT 31/12/2012:(12MONTHS)

1.Realized Net Profit of SR 45.50 Million for the 4Q 2012 compared to SR 28.00 M

Tadawul

Tabouk Cement announced the distribution of SR 81 million

26/07/2012

On July 25, 2012 Board of Directors of Tabouk Cement Company decided the distribution of SR 81 million in cash dividends (SR 0.90 per share) or 9 percent of paid-up capital for first half of 2012.

Gulfbase.com

Tabouk Cement profit up

15/04/2010

Tabouk Cement Co. said Wednesday its first-quarter 2010 net profit inched up to SR34.02 million ($9.1 million) from SR33.5 million in the same period last year on higher sales.

First-quarter

Agencies