Displaying items by tag: Al Jouf

Saudi Arabia: Al-Jouf Cement has appointed Eisa bin Yeslam Ba-Eisa as its chair. He succeeds Ahmed bin Mohammed Al-Faleh in the position.

Yeslam Ba-Eisa holds over 25 years of professional experience in the telecommunications, industrial, and corporate governance sectors. He is currently working as the chair of GO Telecom. He has also worked as the CEO of several companies in the cement and energy sectors. He is a member of the National Committee for Cement and the Arab Union for Cement and Building Materials.

He holds a PhD in business administration from Atlanta University, Georgia, and master's and bachelor's degrees in business administration and mining engineering from King Abdulaziz University. He is also professionally accredited as a Certified Management Consultant by the Ministry of Commerce and as an Engineering Consultant by the Saudi Council of Engineers.

Saudi Arabia: Al-Jouf Cement has signed a one-year, US$10m sales agreement with Towa Development to export cement to Syria and Palestine. The contract, effective from 30 November 2025 to 29 November 2026, reportedly represents over 14% of the producer’s total revenue based on its latest audited results. The company will supply all types of cement to Towa Development for export throughout the contract period.

Saudi Arabia: Al Jouf Cement recorded a net loss of US$17m in the first nine months of 2025, marking a 130% increase from US$7.4m in the same period of 2024. Revenues for the period rose by 6% to US$51.3m, up from US$48.4m a year earlier, according to the company’s financial statements.

In the third quarter of 2025, the company’s net loss widened by 112% year-on-year to US$6.7m, compared to US$3.2m in the third quarter of 2024. Quarterly revenues fell by 6% to US$14.5m from US$15.4m in the same period of 2024. Compared to the second quarter of 2025, net losses increased by 7%, while revenues declined by 21% from US$18.5m to US$14.6m.

Saudi Arabia: Al Jouf Cement has appointed Samir Mohammed Al- Rehaili as its CEO. He succeeds Mansour bin Ibrahim Al-Habda, who was appointed as Acting CEO in July 2025.

Al-Ruhaili holds over 20 years of professional experience in operational management, business development and corporate management. Notable roles he has held include Operations Manager of the Moulding Unit at Al-Wataniya Industries, General Manager of Canal Investment Company, General Manager of Al-Tawfiq Plastics Industries and CEO of Al-Tawfiq Group in both Saudi Arabia and Egypt. He has also worked as business consultant at Al-Zamil Investment Group and CEO of Recycling World Company, a subsidiary of Al-Zamil Group. Al-Ruhaili holds an undergraduate degree in industrial and systems engineering from King Saud University.

Saudi Arabia: Al Jouf Cement has appointed Qais Hussein Balas as its managing director. Other recent personnel changes at the company include the resignation of the CEO, Abdulkarim bin Mohammed Al-Nuhair, with effect at the end of his contract, on 21 August 2025. In addition, Ahmed bin Mohammed Al-Falih has been appointed as chair in place of Abdullah bin Oudah Al-Ghubain.

Qais Balas holds over 25 years of management experience. Previous roles include the CEO of the Al-Manaseer cement plant in Jordan, the chief financial officer of GMS Group and as a Senior Internal Auditor at Fastlink. He has also worked as the Director of Investments and Business Development at Hikma Group.

Saudi Arabia: Al Jouf Cement reported a net loss of US$7.39m in 2024, compared to a net profit of US$10.04m in 2023. Sales fell by 5% year-on-year to US$68.4m from US$71.8m in December 2023. In the nine months to 30 September 2024, net profit declined by 31% to US$8.17m.

Saudi Arabia: Total cement sales in Saudi Arabia dropped by 2% year-on-year to 3.61Mt in March 2025 from 3.70Mt in March 2024, according to data from Yamama Cement. Domestic sales fell by almost 4% to 3.45Mt, while exports rose by 36% to 158,000t from 116,000t. Arabian Cement recorded the highest increase in domestic sales at 26%, followed by Al-Safwa Cement with 22%. Umm Al-Qura Cement posted the steepest drop at 36%, while Tabuk Cement’s fell by 34%. Al-Jouf Cement’s sales remained unchanged at 102,000t.

Three companies exported a total of 158,000 tons of cement in March 2025. Saudi Cement led with 139,000t. Clinker production fell by 6% to 5.1Mt, while clinker inventories grew 5% to 44.3Mt. Saudi Cement also led clinker exports with 153,000t, followed by Northern Region Cement with 58,000t.

Saudi Arabia: Cement sales increased by 12% year-on-year in the fourth quarter of 2024, reaching 14.87Mt, Arab News reports. Sales were primarily driven by domestic demand, which accounted for 96% of total sales. Exports contributed the remaining 4%, according to data from Al-Yamama Cement. For the full year, cement sales grew by 3.7% to 51.2Mt.

Al-Yamama Cement led the domestic market in the fourth quarter of 2024, with a 13% share and sales of 1.83Mt, up by 22% year-on-year. Qassim Cement, after acquiring Hail Cement, held an 11% share with 1.63Mt of sales. Yanbu Cement, Southern Cement, and Al Jouf Cement followed.

During the same period, Saudi Cement dominated in exports with 0.49Mt, representing 80% of total shipments and a 71% year-on-year increase. Clinker production grew by 7% year-on-year in the fourth quarter of 2024 to 14.9Mt, while clinker exports fell by 28% to 1.15Mt.

Amr Nader, CEO of cement consultancy A3&Co, said “These figures may not fully align with the anticipated surge in demand from ambitious infrastructure projects. Megaprojects such as NEOM, the Red Sea project, and FIFA World Cup-related developments require vast quantities of construction materials. The maximum anticipated demand in the next five years is 78Mt/yr.”

Saudi Arabia: Al Jouf Cement's board of directors has approved the use of its 'green' cement for projects in the new NEOM city. The product was developed in collaboration with ready-mix concrete producer Asas Al-Muhailb, with Al Jouf Cement stating that it enhances concrete performance by improving durability and longevity, and reducing water absorption and permeability. It is reportedly resistance to sulphate and chloride salts, has ‘equal or greater’ compressive strength compared to ordinary Portland cement (OPC), and provides benefits in heat insulation and fire resistance.

Saudi Arabia: Al Jouf Cement Company has signed a power purchase agreement with ENGIE to develop a 22MW solar photovoltaic plant at Al Jouf Cement’s facility in Turaif, Northern Borders Province. The plant will provide on-site power generation and help to decarbonise Al Jouf Cement's operations over the project’s 25-year lifespan. The solar photovoltaic installation will span over 420,000m² and is expected to reduce the plant’s carbon footprint. ENGIE will handle the development, design, construction, ownership and operation of the solar plant.