Southern Province Cement Co (3050)

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News

5 October 01:25 PM Southern Province Cement opens nominations for new board term

Riyadh - Mubasher: Southern Province Cement Company has opened nominations for membership on its board of directors for a new three-year term. The upcoming session is scheduled to commence on 1 January 2027 and will conclude on 31 December 2029. …

Corporate Actions

22 September 10:44 AM Southern Province Cement announces partial handover of new Jazan production line

Riyadh - Mubasher: Southern Province Cement Company announced the partial acceptance and handover of its new production line at the Jazan cement plant. This development follows the company’s previous update on 30 December 2025, regarding the …

Company News

11 August 09:58 AM Southern Province Cement’s net profits skyrocket 700% in Q2-26

Riyadh - Mubasher: Southern Province Cement Company generated 700% year-on-year (YoY) higher net profits at SAR 24 million for the second quarter (Q2) of 2026, compared to SAR 3 million. The company attributed the profit growth to higher sales …

Company News

14 May 11:27 AM Southern Province Cement incurs SAR 4m losses in Q1-26

Riyadh - Mubasher: Southern Province Cement Company turned to net losses valued at SAR 4 million in the first quarter (Q1) of 2026, compared to net profits of SAR 16 million in Q1-25. The revenues declined by 7.72% year-on-year (YoY) to SAR 203 …

Company News

31 March 05:37 PM Southern Province Cement shifts to SAR 49m net losses in 2025; dividends for H2 proposed

Riyadh - Mubasher: Southern Province Cement Company shifted to SAR 49 million in net losses attributable to the shareholders during 2025, against net profits of SAR 193 million in 2024. The loss per share stood at SAR 0.35 in January-December …

Cash Dividends

30 December 2025 02:10 PM Southern Province Cement to pay SAR 35m dividends for H1-25

Riyadh – Mubasher: The board members of Southern Province Cement Company decided to distribute cash dividends worth SAR 35 million to the shareholders for the first half (H1) of 2025. The company will pay SAR 0.25 per share to 140 million eligible …

Cash Dividends

11 November 2025 04:18 PM Southern Province Cement achieves SAR 44m net profit in 9M-25

Riyadh – Mubasher: Southern Province Cement Company registered a 69.23% decline in net profit to SAR 44 million in the first nine months (9M) of 2025 from SAR 143 million in 9M-24. The earnings per share (EPS) fell to SAR 0.32 as of 30 September …

Financial Results

1 October 2025 08:08 PM Al Bargan leads Southern Province Cement’s business as new CEO

Riyadh - Mubasher: The board of Southern Province Cement Company assigned Saud bin Safar Al Bargan as the company’s CEO until further notice, starting from 1 October 2025. Al Bargan has over 25 years of experience in the field of work, 15 of which …

Corporate Actions

7 August 2025 05:52 PM Southern Province Cement posts 59% lower net profits in H1-25

Riyadh - Mubasher: The net profits of Southern Province Cement Company plummeted by 58.82% to SAR 42 million in the first half (H1) of 2025 from SAR 102 million in H1-24. Revenues stood at SAR 415 million in the first six months (6M) of 2025, …

Financial Results

27 March 2025 08:19 PM Southern Province Cement logs SAR 244m net profits in 2024

Riyadh – Mubasher: Southern Province Cement Company registered SAR 244 million in net profit at the end of December 2024, an annual rise of 25.13% from SAR 195 million. The sales retreated by 12.62% year-on-year (YoY) to SAR 935 million in 2024 …

Board of Directors

23 June 2024 10:14 AM Southern Province Cement, Yanbu Cement study merger

Riyadh – Mubasher: Southern Province Cement Company has signed a non-binding memorandum of understanding (MoU) with Yanbu Cement Company to evaluate the feasibility of merging the two companies. The two companies will commence the process of due …

Companies Investments

16 May 2024 03:28 PM Southern Province Cement posts 26% YoY higher profit in Q1-24

Riyadh – Mubasher: The net profits of Southern Province Cement Company soared by 26.53% year-on-year (YoY) to SAR 62 million in the first quarter (Q1) of 2024 from SAR 49 million. Revenues plunged by 16.33% YoY to SAR 251 million in Q1-24 from SAR …

Financial Results

17 March 2024 04:52 PM Southern Province Cement’s profits fall 35% in 2023

Riyadh – Mubasher: The net profits of Southern Province Cement Company plunged by 35.22% year-on-year (YoY) to SAR 195 million in 2023 from SAR 301 million. The revenues witnessed an annual drop of 12.44% to SAR 1.07 billion during the …

Financial Results

14 March 2024 00:58 PM Southern Province Cement’s board proposes dividends for H2-2023

Riyadh – Mubasher: The board of Southern Province Cement Company has recommended the distribution of SAR 91 million in cash dividends for the second half (H2) of 2023. The proposed dividends amount to SAR 0.65 per share, representing 6.50% of the …

Cash Dividends

25 February 2024 05:49 PM Southern Province Cement anticipates 12.5% higher costs amid increased fuel prices

Riyadh – Mubasher: Southern Province Cement Company announced that the increase in fuel prices used in production would raise production costs by 12.50%. The company stated that it is researching ways to mitigate this impact on its financial …

Financial Results

21 January 2024 10:34 AM Southern Province Cement names Chairman, Vice Chairman

Riyadh – Mubasher: Southern Province Cement Company has appointed Saad bin Abdulaziz bin Abdulwahab Al Kroud as Chairman of the board. The firm also named Mansour Abdulaziz Mansour Al Saghayer as the Deputy Chairman, according to a bourse …

Corporate Actions

7 November 2023 02:14 PM Southern Province Cement posts lower profits at SAR 121m in 9M-23

Riyadh – Mubasher: Southern Province Cement Company recorded a 49.16% drop in net profit after Zakat and tax to SAR 121 million during the first nine months (9M) of 2023, versus SAR 238 million in 9M-22. The revenues declined by 8.46% year-on-year …

Financial Results

3 September 2023 11:19 AM Southern Province Cement to distribute SAR 49m dividends for H1-23

Riyadh – Mubasher: Southern Province Cement Company plans to disburse cash dividends amounting to SAR 49 million, representing 3.50% of the capital, for the first half (H1) of 2023. The firm will pay out a dividend of SAR 0.35 per share for 140 …

Board of Directors

26 June 2023 11:05 AM Southern Province Cement obtains SAR 1.4bn loan from SNB

Riyadh – Mubasher: Southern Province Cement Company inked a long-term loan compliant with Islamic rules with Saudi National Bank (SNB) at a value of SAR 1.40 billion. In a bourse discourse, the listed company highlighted that it will use the …

Banking and Finance

18 May 2023 00:21 PM Southern Province Cement’s profits shrink nearly 44% in Q1-23

Riyadh – Mubasher: Southern Province Cement Company witnessed 43.68% lower net profits after Zakat and tax at SAR 49 million during the first quarter (Q1) of 2023, versus SAR 87 million in Q1-22. The Saudi firm generated revenues amounting to SAR …

Financial Results

29 March 2023 10:39 AM Southern Province Cement unveils 30% lower profits in 2022, dividends proposal

Riyadh – Mubasher: Southern Province Cement Company recorded a 29.84% year-on-year (YoY) drop in net profit after Zakat and tax to SAR 301 million in 2022, compared to SAR 429 million. The company’s revenues declined by 8.74% to SAR 1.22 billion …

Board of Directors

1 November 2022 05:43 PM Southern Province Cement’s profits shrink to SAR 238m in 9M-22

Riyadh – Mubasher: Southern Province Cement Company generated SAR 238 million in net profit after Zakat and tax during the first nine months (9M) of 2022, lower by 28.10% than SAR 331 million in 9M-21. Revenues amounted to SAR 887 million in the …

Financial Results

11 September 2022 06:41 PM Southern Province Cement to pay 7.5% of capital as dividends for H1-22

Riyadh – Mubasher: The board of Southern Province Cement Company has announced a cash dividend distribution of SAR 0.75 per share for the first half (H1) of 2022, according to a bourse filing. The firm will disburse a total of SAR 105 million, …

Board of Directors

9 August 2022 06:56 PM Southern Province Cement posts lower profits in H1-22 interim financials

Riyadh – Mubasher: Southern Province Cement Company’s net profits after Zakat and tax plunged by 41.63% to SAR 150 million in the first half (H1) of 2022, compared to SAR 257 million in H1-21. The revenues amounted to SAR 564 million in H1-22, an …

Financial Results

16 May 2022 04:29 PM Southern Province Cement's profits fall 48.5% in Q1-22 initial results

Riyadh – Mubasher: Southern Province Cement Company has achieved net profits after Zakat and tax worth SAR 87 million in the first quarter (Q1) of 2022, down 48.52% from SAR 169 million in Q1-21. Revenues plunged by 24.82% to SAR 330 million in …

Financial Results