Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Bahrain All Share Index closes higher
- Commercial Bank organises contractors financing workshop
- Borouge to set up petchem sector's first AI control room
- Mashreq expands global reach with new office in Turkiye
- Kuwait crude oil drops to $69.98 per barrel
- Gold prices stabilize as demand declines
- QSE Index rises 0.21% at start of trading
- World Bank to Finance Syria with $146 Million to Restore Electricity
- Saudia Soars to 17th in Global Airline Rankings Amid Bold Transformation
- World shares trade near record highs, crude gains nudged by Middle East ceasefire
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 | 50.70 | 0.10 (0.19 |
| SABIC | 54.50 | -0.30 (-0.55 |
| SABICAGRINUTRIENTS | 103.20 | -1.00 (-0.96 |
| LIMEINDUSTRIES | 12.24 | -0.32 (-2.55 |
| APICO | 37.90 | -1.90 (-4.78 |
26/06/2025
Commercial Bank, a leader in digital innovative solutions, recently held a joint workshop with Qatar Development Bank (QDB) represented by 'Qatar Exports', titled 'Contract Financing Workshop' to sho
The Peninsula
26/06/2025
Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, is collaborating with Honeywell to conduct a proof of concept for AI-powered autonomous op
Trade Arabia
26/06/2025
Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Turkiye, reinforcing its long-standing commitment to supporting Turkis
Trade Arabia
26/06/2025
In a remarkable leap forward, Saudia has climbed to 17th place in the 2025 Skytrax ranking of the world's best airlines, marking a significant improvement from its 82nd position in 2016.
The
Asharq Al Awsat
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
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia