Latest news with #NajranCement
Argaam
12 hours ago
- Business
- Argaam
Najran Cement completes 4.25M share buyback in Q1 2025
Najran Cement Co. said in a statement to Tadawul that it completed the first phase of its share buy-back process during the first half of 2025, and it will continue the buyback process during the second half of 2025, based on market conditions at the time. Najran Cement repurchased 4.25 million shares, or 2.50% of the company's outstanding shares, at SAR 35.855 million, or SAR 8.44 each. The company's board of directors recommended, on Sept. 25, buying back up to a maximum of 17 million treasury shares, Argaam reported. The buyback will be financed from the company's own resources using cash reserves or credit facilities.
Zawya
17-03-2025
- Business
- Zawya
Najran Cement records 24% surge in net profits during 2024
Riyadh – Najran Cement Company achieved SAR 68.42 million in net profit as of 31 December 2024, higher by 24.05% year-on-year (YoY) than SAR 55.16 million. Revenues hiked by 10.06% to SAR 534.50 million last year from SAR 485.65 million in 2023, according to the financial statements. Meanwhile, the earnings per share (EPS) climbed to SAR 0.40 in 2024 from SAR 0.32 a year earlier. The higher net profits were attributed to a growth in sales and an improvement in gross margin, despite the increase in the expenses and finance cost. In the nine-month period that ended on 30 September 2024, Najran Cement posted 6.72% lower net profits at SAR 46.97 million, compared to SAR 50.36 million a year earlier. Source: Mubasher All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. ( Mubasher
