03/04/2014 19:45 AST

Saudi Arabia's Southern Province Cement Company (SPCC) and the National Commercial Bank (NCB) have entered into an SAR700 million financing agreement, lasting for a period of five years. The agreement was signed in Riyadh by Prince Abdullah bin Musa'ad bin Abdul Rahman, Chairman of SPCC, and Mansour S. Al Maiman, Chairman of NCB, in the presence of officials from both companies.
The five-year financing facility will be used to fund SPCC's capital expansion and expenditures in Saudi Arabia and develop general operational activities, production capacity and company efficiency. The funding agreement represents part of NCB's vision to meet the requirements of economic growth in the country through financing and developing key institutional and industrial sectors, such as the cement industry.
During the signing, Al Maiman stated that the financing was consistent with NCB's vision to support the vital sectors of the Saudi economy. The bank has plans to continue financing large, medium and small enterprises in the country in order to encourage development in all economic productive sectors. Al Maiman further noted that the bank provided around SAR121 billion to support the corporate sector in 2013, a 13% y/y increase compared to 2012.


World Cement

Southern Province, Yanbu Cement extend key merger talks

25/06/2025

Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.

The duo had an year ag

Trade Arabia

SOCCO 2013 Net Profit Increases 0.6 Percent

14/01/2014

Net profit of Southern Province Cement Company (SOCCO) during the 4th Q 2013 amounted to SAR 254 million; the company recorded the same amount of profit in the same quarter of last year.

Gro

Gulfbase.com

SPCC invests SR713 million in Bisha plant

12/11/2013

The Southern Province Cement Company (SPCC) has signed a deal with a Chinese company for the construction of a second production line at Bisha Cement plant, local media said.

The deal, wort

Arab News

Ticker Price Volume
SPCC Sector Market
P/E
Price/BookValue
Dividend Yield (%)
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
Ticker Price Change
MAADEN 54.70 1.30 (2.43%)
SABIC 56.30 -0.45 (-0.80%)
SABICAGRINUTRIENTS 110.20 1.70 (1.56%)
LIMEINDUSTRIES 13.60 0.20 (1.49%)
APICO 36.92 -1.64 (-4.26%)
Gulf Bank hosts tufting, embroidery workshop for red cardholders

04/07/2025

In line with its ongoing commitment to enriching the youth experience, Gulf Bank recently organized a creative workshop on tufting and embroidery arts for its red cardholders, in collaboration with t

Kuwait Times

Qatar Insurance company issues USD 500 million Tier II Bond

04/07/2025

Qatar Insurance Company Q.P.S.C. (QIC) announced that it has successfully issued a USD 500 million subordinated perpetual Tier II capital bond with a fixed coupon of 6.15%.

The issuance was

Gulf Times

MPHC restructures partnership for salt production facility in Qatar

04/07/2025

Mesaieed Petrochemical Holding Company (MPHC) is pleased to announce a significant update following our previous announcement on 23rd September 2024. The parties has reached a mutual agreement for th

The Peninsula

Dubai school operator Taaleem moves closer to Dh1 billion in 2024-25 revenue

04/07/2025

The Dubai headquartered school operator Taaleem is moving closer to generating revenues of over Dh1 billion for its current financial year. In the first nine months, the company's cleared revenues of

Gulfnews

Americana seals franchise deal with premium Greek lifestyle brand

04/07/2025

Americana Restaurants International, a leading quick-service and casual dining operator across the Mena region and Kazakhstan, has signed an exclusive franchise agreement with carpo - a premium Greek

Trade Arabia