Latest news with #ArabianCement
Argaam
19-05-2025
- Business
- Argaam
Arabian Cement votes June 15 on SAR 500M reserve transfer to retained earnings; 150,000 share buyback
Arabian Cement Co. 's shareholders will discuss transferring the entire statutory reserve of SAR 500 million, as per financial statements for 2024, to the retained earnings, during the extraordinary general meeting (EGM) scheduled for June 15, according to a statement to Tadawul. They will further discuss transferring the entire general reserve of SAR 95 million as per financial statements for 2024, to the retained earnings. Additionally, shareholders will vote on developing the employee shares program, while authorizing the board of directors to determine the terms and conditions of the program, including the offering price for each share allocated to employees, if applicable. They will also discuss the buyback of 150,000 shares maximum of common stocks to be retained as treasury shares, and to be allocated to the employees shares program as per regulations, provided that the share repurchase will be financed from the company's own resources. The board will be authorized to complete the share repurchase within a maximum period of 18 months from the date of the EGM decision, and that the repurchased shares will be maintained for a period not exceeding five years from the date of the EGM approval. The company, after the end of this period, will follow the procedures and controls stipulated in relevant laws and regulations.
Zawya
07-05-2025
- Business
- Zawya
Arabian Cement logs nearly $6.4mln net profit, over 4.5% revenue growth
Riyadh: Arabian Cement Company posted a 56.45% decline in net profit to SAR 23.60 million during the first quarter (Q1) of 2025, compared with SAR 54.20 million in Q1-24. The earnings per share (EPS) edged down to SAR 0.24 in Q1-25 from SAR 0.54 in the year-ago period, according to the financial results. Meanwhile, Arabian Cement witnessed a 4.61% increase in revenue to SAR 238.10 million during the January-March 2025 period compared to SAR 227.60 million in the corresponding Q1 in 2024. The company attributed the annual growth in Q1-25 sales to higher sales volume. On a quarterly basis, the Q1-25 net profits were 24.60% lower than SAR 31.30 in Q4-24 while the revenue rose by 3.47% from SAR 230.10 million. In 2024, Arabian Cement recorded net profits worth SAR 160.10 million and a revenue of SAR 857.90 million.
Zawya
24-02-2025
- Business
- Zawya
Arabian Cement's profits surge 15% in 2024; dividends for H2 proposed
Riyadh: Arabian Cement Company registered a 14.68% rise in net profit to SAR 160.10 million in 2024, compared to SAR 139.60 million a year earlier, according to the financial results. Revenue, meanwhile, declined by 2.04% year-on-year (YoY) to SAR 857.90 million in 2024 from SAR 875.80 million. The earnings per share (EPS) increased to SAR 1.60 in 2024 when compared with SAR 1.40 in 2023. Dividends for H2-24 The board members of Arabian Cement recommended a cash dividend of SAR 0.75 per share, representing 7.50% of the share par value, for the second half (H2) of 2024. The cement manufacturer will disburse a total of SAR 75 million for 100 million eligible shares. The company will announce the eligibility and distribution dates at a later time. In the first nine months (9M) of 2024, Arabian Cement posted SAR 128.80 million net profit, compared to SAR 106.90 in 9M-23.
