All cement firms introduced their monetary outcomes for the third quarter, excluding Southern Cement and Al-Jouf Cement, and many of the introduced firms recorded a decline in income of various percentages, attributing this to a lower in gross sales portions and a lower within the common promoting value.
SICO Financial institution mentioned that the cement market isn’t in a complete value battle, however moderately the results of particular person actions by Yamama Cement, which really controls the route of the market, as the corporate topped the sector’s firms when it comes to portions offered domestically with 2,564 thousand tons in the course of the third quarter, a development of 66%, and bought a share of 18.6% of complete gross sales.
For his half, the President of Riyadh Cement mentioned that the demand for cement grew by 13% within the Kingdom, and by greater than 18% within the Riyadh area, anticipating the expansion to proceed for the remainder of the 12 months and the approaching years.
Expensive reader: How do you view the efficiency of the cement sector in the course of the third quarter of 2025?
