Monday 20 November 2017
 
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Al Rajhi Capital

Saudi Cement net profit down 37pc in Q1

Saudi Cement has registered a 37 per cent drop in its net profit for the first quarter which fell to SR165 million ($44 million) from SR265 million ($70.5 million) last year owing to the drop in sales volume and sale price as a result of slugg

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Saudi Cement net profit down 37pc in Q1

Saudi Cement has registered a 37 per cent drop in its net profit for the first quarter which fell to SR165 million ($44 million) from SR265 million ($70.5 million) last year owing to the drop in sales volume and sale price as a result of slugg

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Oil: Near-term recovery possible, but Opec deal key

There may be supply side risks to the oil market in 2017 in the absence of extension of the Opec output cuts or if US production picks up and without extension of the Opec deal, the market could into surplus in the medium term, a report said.

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Weak cement sales continue in Saudi Arabia

Total cement sales in Saudi Arabia fell 19 per cent year-on-year (y-o-y), but grew 16 per cent month-on-month (m-o-m) to 4.7 million tonnes in March. Clinker production came in at 4.6 million tonnes during March, down three per cent y-o-y, a rep

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Saudi cement sales may slide further

Cement sales in Saudi Arabia continue to remain weak and recent data could indicate further downward revision to market estimates of demand and sector earnings for 2017, a report said. In the first two months of 2017, sales volume

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Saudi cement sales down 16pc in January

Total cement sales in Saudi Arabia fell 16 per cent year-on-year to 4.78 million tonnes in January, highlighting a weak demand on an annual basis, said a report by top Saudi lender Al Rajhi Capital. However, the sequential 11.3 pe

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Net income of Saudi companies drops 2.1pc in Q3

Net income of Saudi listed companies declined 2.1 per cent year-on-year (y-o-y) during the third quarter (Q3) of 2016, but remained almost flat sequentially on an aggregate basis indicating resilience in view of the current economic challenges,

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Al Rajhi Capital fund raises $155m

Al Rajhi Capital, one of the largest investment firms in Saudi Arabia, has announced the successful closing of a private placement subscription for the Al Rajhi European Real Estate Fund focusing on logistics after raising SR581 million ($155 mi

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Al Rajhi Capital to launch first sukuk fund

The investment banking arm of Saudi Arabia's Al Rajhi Bank has received regulatory approval for its first mutual fund that will invest in sukuk (Islamic bonds), as demand for sharia-compliant debt rises in the Gulf's largest economy.

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Al Rajhi Capital closes $181m real estate fund

Al Rajhi Capital, one of the largest investment firms in Saudi Arabia, said it has successfully closed its second real estate income generating fund, with total equity of SR678 million ($180.7 million), surpassing the fund’s original targe

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