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03/04/2014 19:45 AST
Saudi Arabia's Southern Province Cement Company (SPCC) and the National Commercial Bank (NCB) have entered into an SAR700 million financing agreement, lasting for a period of five years. The agreement was signed in Riyadh by Prince Abdullah bin Musa'ad bin Abdul Rahman, Chairman of SPCC, and Mansour S. Al Maiman, Chairman of NCB, in the presence of officials from both companies.
The five-year financing facility will be used to fund SPCC's capital expansion and expenditures in Saudi Arabia and develop general operational activities, production capacity and company efficiency. The funding agreement represents part of NCB's vision to meet the requirements of economic growth in the country through financing and developing key institutional and industrial sectors, such as the cement industry.
During the signing, Al Maiman stated that the financing was consistent with NCB's vision to support the vital sectors of the Saudi economy. The bank has plans to continue financing large, medium and small enterprises in the country in order to encourage development in all economic productive sectors. Al Maiman further noted that the bank provided around SAR121 billion to support the corporate sector in 2013, a 13% y/y increase compared to 2012.
World Cement
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
14/01/2014
Net profit of Southern Province Cement Company (SOCCO) during the 4th Q 2013 amounted to SAR 254 million; the company recorded the same amount of profit in the same quarter of last year.
Gro
Gulfbase.com
12/11/2013
The Southern Province Cement Company (SPCC) has signed a deal with a Chinese company for the construction of a second production line at Bisha Cement plant, local media said.
The deal, wort
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 52.75 | 0.50 (0.95 |
| SABIC | 61.45 | -0.25 (-0.41 |
| SABICAGRINUTRIENTS | 123.00 | 0.50 (0.40 |
| LIMEINDUSTRIES | 12.45 | 0.00 (0.00 |
| APICO | 42.90 | 0.00 (0.00 |
27/08/2025
OQ Exploration and Production (OQEP) on Tuesday announced the successful commissioning of the Bisat-C Expansion Facilities in its flagship Block 60 licence. Crude oil officially began flowing to the
Muscat Daily
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AD Ports Group, a global enabler of integrated trade, transport, industry, and logistics solutions, has signed an agreement to develop a digital Single Logistics Trade Window solution for Angola's tr
Trade Arabia
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The DFM-listed dairy company Unikai has removed the 49% ceiling on shareholding allowed to GCC investors. From now on, they are eligible to go all the way up to 100% in Unikai, whose brands have a fa
Gulfnews
27/08/2025
Dubai Investments, a leading investment company listed on the Dubai Financial Market in the UAE, through its wholly owned subsidiary Globalpharma - UAE's leading pharmaceutical manufacturer, has sign
Khaleej Times
26/08/2025
The Port of Salalah, operated and managed by Salalah Port Services Company (SPSC), recorded strong growth in container and cargo volumes during the first half of 2025.
The port's Container
Muscat Daily
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