Saudi Cement Company

3030

SA0007879469

Construction Materials

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
45.55 ^SAR	-3.19%		-2.36%	-13.40%

Mar. 14	Saudi Cement Company Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 07	Saudi Cement Posts Lower FY23 Net Profit; Revenue Climbs	MT

Saudi Cement Company acquired the remaining 37% stake in United Cement Company BSC (C) for SAR 28 million.

August 17, 2021

Saudi Cement Company (SASE:3030) acquired the remaining 37% stake in United Cement Company BSC (C) for SAR 28 million on August 18, 2021. Saudi Cement increased its stake in United Cement Company from 63 to 100 per cent. Saudi Cement Company (SASE:3030) completed the acquisition of the remaining 37% stake in United Cement Company BSC (C) on August 18, 2021.

Latest news about Saudi Cement Company

Saudi Cement Company Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 14	CI
Saudi Cement Posts Lower FY23 Net Profit; Revenue Climbs	Mar. 07	MT
Saudi Cement Company Recommends Cash Dividends for the Second Half of 2023, Payable on May 8, 2024	Feb. 07	CI
Saudi Cement Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 06	CI
Saudi Cement Company Reports Earnings Results for the Second Quarter Ended June 30, 2023	23-08-12	CI
Saudi Cement Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-17	CI
Saudi Cement Company Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-19	CI
Saudi Cement Company Proposes Cash Dividends for the Second Half of 2022	23-01-31	CI
Saudi Cement Company Reports Earnings Results for the Third Quarter Ended September 30, 2022	22-11-07	CI
Saudi Cement Company Reports Earnings Results for the Second Quarter Ended June 30, 2022	22-08-16	CI
Saudi Cement Company Announces the Distribution of Cash Dividend for First Half of 2022, Payable on 15 June 2022	22-06-02	CI
Saudi Cement Company Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-28	CI
Saudi Cement Company Approves Distributed Cash Dividend for Second Half of 2021, Payable on 20 April 2022	22-04-11	CI
Saudi Cement Company Proposes Cash Dividend for Second Half of 2021, Payable on April 20, 2022	22-03-15	CI
Saudi Cement Company Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-01	CI
Saudi Cement Co. Announces the Distribution of Cash Dividend for Second Half of 2021	22-02-01	CI
Saudi Cement Appoints Khalid Abdulrahman Al Rajhi as New Chairman	22-01-02	CI
Saudi Cement Company Reports Earnings Results for the Third Quarter Ended September 30, 2021	21-11-03	CI
Saudi Cement Company acquired the remaining 37% stake in United Cement Company BSC (C) for SAR 28 million.	21-08-17	CI
Saudi Cement Company Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-09	CI
Saudi Cement Company Announces Board Changes	21-07-01	CI
Saudi Cement Company Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-04	CI
Saudi Cement Company Proposes Dividend for the First Half and Second Half of Fiscal 2020, Payable on April 19, 2021	21-03-14	CI
Saudi Cement Company Reports Earnings Results for the Full Year Ended December 31, 2020	21-02-22	CI
Saudi Cement Company Recommends Cash Dividend for Second Half of 2020	21-02-03	CI

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Company Profile

Saudi Cement Co SJSC (SCC) is a Saudi Arabia-based joint stock company engaged in the manufacture and sale of cement and related products, as well as investing in cement related sectors. The Company operates two plants in the eastern province of Saudi Arabia, namely Hofuf Plant and Ain Dar Plant. The Companyâs products include Ordinary Portland Cement (OPC), Sulphate Resisting Cement (SRC) and Oil well cement (OWC). SCC exports its products to various Gulf Corporation Council (GCC) countries, such as Bahrain, Kuwait and Qatar, as well as European countries, Africa and the United States. The Company owns and operates an export terminal at King Abdulaziz Port in Dammam. The Companyâs shareholders include General Organization for Social Insurance and Public Pension Agency.

Sector

Construction Materials

Calendar

2024-04-28 - Q1 2024 Earnings Release (Projected)

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Ratings for Saudi Cement Company

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

45.55 SAR

Average target price

54.06 SAR

Spread / Average Target

+18.69%

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Company calendar

Sector Cement & Concrete Manufacturing

	1st Jan change	Capi.
SAUDI CEMENT COMPANY	-13.40%	1.86B
HOLCIM LTD	+17.78%	47.84B
JAMES HARDIE INDUSTRIES PLC	-2.44%	15.44B
ANHUI CONCH CEMENT COMPANY LIMITED	-2.00%	15.27B
SHREE CEMENT LIMITED	-15.94%	10.38B
DANGOTE CEMENT PLC	+105.28%	8.61B
EAGLE MATERIALS INC.	+25.19%	8.75B
XINJIANGTIANSHAN CEMENT CO.,LTD	-1.80%	7.84B
TAIWAN CEMENT CORP.	-8.18%	7.39B
BUZZI S.P.A.	+21.57%	6.64B

Cement & Concrete Manufacturing