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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.
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.
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
Arabian Cement Co.’s EGM held on Tuesday 01/04/2014 has approved the capital increase via bonus shares.Thus, the addition shares have been deposited into the investor’s portfolios and The fluctuation
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, picked up four major awards at the Islamic Business & Finance Awards 2017, a prestigious industry event that endorses and recognises tho
NBF Islamic has once again taken home the coveted accolade titled “Best Islamic Window–UAE” for the second consecutive time at the Islamic Business & Finance Awards 2017.
Prevailing over f
First Abu Dhabi Bank (FAB) marked the official inauguration of its new headquarters in Abu Dhabi’s Khalifa Business Park at an event attended by senior management.
The new location marks t
Etisalat signed an exclusive 15-year wholesale lease agreement with Gulf Data Hub to acquire the full capacity of its Tier III data centre to provide data centre services to private enterprises, gove
Batelco, an international telecommunications group with operations across 14 countries, today held an extra-ordinary general meeting to discuss proposed changes to Batelco’s Memorandum and Articles o