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13/10/2017 22:08 AST
Arabian Cement Co expects the commercial operation of the grinding unit at its Rabigh plant, Saudi Arabia, to start in the 3Q18, instead of the earlier-announced 4Q17.
Construction on the project is still ongoing and according to a statement to the Saudi Stock Exchange, the delay is attributed to the contractor who does not commit to the scheduled deadline. The financial impact of the new facility is difficult to determine as it depends on supply and demand in the cement market, said the Saudi cement producer.
Arabian Cement Co signed a SAR362m (US$96.5m) agreement in 2015 with China National Building Material Co (CNBM) to supply electrical and mechanical equipment to the new Rabigh works.
CemNet.com
19/10/2017
Commercial start-up of new cement mills at Arabian Cement Co.'s Rabigh plant has been delayed to 3Q18. The mills had been expected to go into operation in 4Q17 but construction work is still ongoing.
Cement World
08/10/2017
Arabian Cement said it has entered into potential merger talks with Al Safwa Cement, a key Saudi-based firm owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation for Soci
Trade Arabia
03/04/2014
Arabian Cement Co.'s EGM held on Tuesday 01/04/2014 has approved the capital increase via bonus shares.Thus, the addition shares have been deposited into the investor's portfolios and The fluctuation
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SABIC | 62.90 | -0.80 (-1.26 |
| MAADEN | 44.05 | -2.25 (-4.86 |
| SABICAGRINUTRIENTS | 104.00 | -2.00 (-1.89 |
| MARBLEDESIGN | 75.00 | 0.00 (0.00 |
| LIMEINDUSTRIES | 14.00 | 0.00 (0.00 |
03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
03/04/2025
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
Trade Arabia
03/04/2025
AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to hit AED17.3 billion ($4.7 billion) and its ebitda (earnings before interest, taxes, depreciation and amortisa
Trade Arabia
03/04/2025
WEG, a leading electric motor, variable frequency drives and gearbox manufacturer, has announced that it will support the Abu Dhabi National Oil Company (Adnoc) set up a 300-km crude oil pipeline pro
Trade Arabia
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
Financial Information Co.
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