Arabian Cement postpones Rabigh grinding operation

13/10/2017 22:08 AST

Arabian Cement Co expects the commercial operation of the grinding unit at its Rabigh plant, Saudi Arabia, to start in the 3Q18, instead of the earlier-announced 4Q17.

Construction on the project is still ongoing and according to a statement to the Saudi Stock Exchange, the delay is attributed to the contractor who does not commit to the scheduled deadline. The financial impact of the new facility is difficult to determine as it depends on supply and demand in the cement market, said the Saudi cement producer.

Arabian Cement Co signed a SAR362m (US$96.5m) agreement in 2015 with China National Building Material Co (CNBM) to supply electrical and mechanical equipment to the new Rabigh works.


CemNet.com

News

Arabian Cement forecasts rise in cement demand in Saudi Arabia

01/04/2025

Arabian Cement Company said in its 2024 annual report that work is underway to increase the production capacity of its fifth production line by the fourth quarter of 2025. The company also said it is

Global Cement News

Further delay to Rabigh plant mill construction

19/10/2017

Commercial start-up of new cement mills at Arabian Cement Co.'s Rabigh plant has been delayed to 3Q18. The mills had been expected to go into operation in 4Q17 but construction work is still ongoing.

Cement World

Saudi group eyes Al Safwa Cement merger

08/10/2017

Arabian Cement said it has entered into potential merger talks with Al Safwa Cement, a key Saudi-based firm owned by El Khayyat Group, Public Pension Authority (PPA) and General Organisation for Soci

Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

ACC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
MAADEN 59.00 0.45 (0.76%)
SABIC 55.30 0.10 (0.18%)
SABICAGRINUTRIENTS 127.20 1.20 (0.95%)
LUBEREF 130.00 0.80 (0.61%)
YANSAB 31.10 0.56 (1.83%)

Recent News

Zain highlights digital readiness as key to Kuwait's capital market future

12/06/2026

Zain participated in a high-level roundtable discussion hosted by global media group The Business Year, in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA), under the title

Kuwait Times

Gulf Bank welcomes GUST students as they begin summer semester in person

12/06/2026

Gulf Bank welcomed students of Gulf University for Science and Technology (GUST) as they returned to campus for in-person classes at the start of the summer semester.

The Bank's team was pre

Kuwait Times

NBK warns against fake travel booking websites as holiday season approaches

12/06/2026

With higher travel rates during the summer season, National Bank of Kuwait warns its customers and the public against scams associated with fake travel and online booking sites, as part of its ongoin

Kuwait Times

2PointZero sells stake in TAQA to Abu Dhabi Power

12/06/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, today completed the sale of its full 7.29 percent stake in Abu Dhabi National Energy Company PJSC (TA

Trade Arabia

Emaar to unveil Dh200 billion Dubai masterplan for 150,000 residents

12/06/2026

Emaar Properties is preparing to unveil a Dh200 billion master-planned development in the heart of Dubai, in what the company says will be one of the largest urban districts it has ever conceived.

Gulfnews

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap