Cement sales surge 3.8% to SR13.5bn in 2014

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Sales of the listed cement firms grew by 3.8 percent to hit SR13.5 billion in 2014 compared to SR13 billion in 2013, according to a financial report. Capitals of the 14 listed cement companies stand at SR18.4 billion with their market capitalization worth SR82.3 billion, or 4.6 percent of the value of Saudi stock market, the report said. Yamamah Cement Company (YCC) is considered the biggest in the terms of capital, which stands at SR2.02 billion, followed by Madinah Cement Company (MCC) at SR1.89 billion, the **rtherly Border Cement Company (NBCC) at SR1.8 billion while Um Al-Qura Cement Company (UQCC) was the least at SR550 million, the report said. Meanwhile, the National Committee for Cement Companies (NCCC) said the volume of demand on cement is poised to grow by 4 percent to reach SR59.5 million tons in the current year compared to 57.2 million tons in 2014, the report said.

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