Welcome to GulfBase Live Support
Saudi-based Umm Al-Qura Cement Company has signed a key Islamic financing agreement with Riyad Bank to secure a SR50 million ($13.3 million) loan.
The loan will be used for funding an increase in working capital as well as the capital purchases, the company said in a filing to the Saudi bourse Tadawul.
A major player in Saudi Arabia, Umm Al-Qura Cement Company manufactures and sells Portland and white cement products in the country. It also offers buzlana cement, resistant cement, and clinker, as well as provides cement finishing services.
It has a factory near Taif city with a production capacity of 1.98 million tons per year of clinker.
Umm Al-Qura Cement Company announces the signing of Islamic financing agreement with The Saudi British Bank ( SABB ) as following:
1.loan was signed on 22-07-2014
2.Loan amount of
The Capital Market Authority announces that the listing and trading of Umm Al-Qura Cement Company will commence on Thursday 12/6/2014 within Cement sector with the symbol 3005, with a fluctuation lim
The Saudi Stock Exchange (Tadawul) announces that the IPO shares of Umm Al-Qura Cement have been deposited into applicable investor’s portfolios on Sunday 8/6/2014 (10/8/1435).
BBK’s Board of Directors yesterday reviewed and approved the financial results of the bank for the nine months ended 30th September 2017, declaring a net profit attributable to owners of BD 44.9 mill
Nakilat (Qatar Gas Transport Company) has reported a net profit of QR607mn in the first nine months of this year.
The board of directors noted that Nakilat’s strategic long-term charters for
Saudi Arabia’s Etihad Etisalat (Mobily) reported a third-quarter loss on Monday, blaming a rule introduced last year requiring fingerprints be registered with SIM cards for shrinking the telecom mark
The 24th edition of World Islamic Banking Conference (WIBC), the world’s longest running Islamic banking conference, is set to return to Bahrain this December, and will take stock of the most pressin
Saudi Aramco CEO Amin Nasser said the oil giant's initial public offering remains on track for the second half of 2018.
Recent reports have suggested Saudi Aramco offering could be delayed u