Displaying items by tag: Gulf Cement Company

UAE: Gulf Cement has been integrated into Italy-based producer Buzzi. The event was celebrated with a ribbon-cutting ceremony attended by senior executives of both companies.

Buzzi said “This integration is not just a business transaction; it represents a strategic alignment of shared values, innovation and long-term growth. We are delighted to welcome Gulf Cement into our family and look forward to building a stronger, more sustainable future together.”

UAE: Gulf Cement Company has appointed Mohamed Ahmed Ali Ebrahim as its CEO. He was previously working as the company’s Acting CEO.

UAE: Gulf Cement’s losses in the nine-month period to 30 September 2019 were US$1.06m, compared to a US$0.44m profit in the corresponding period of 2019. This was caused by a fall in nine-month revenue of 8.3% year-on-year to US$92.8m from US$101m.

UAE: Al Khair National has suspended talks to sell a 38% stake in Gulf Cement to Liberty House Group. Negotiations originally started in December 2017.