City Cement Company (3003.SE)

City Cement EGM approves 26% capital cut

The new number of issued shares will amount to 140mln

City Cement posts 12.2% growth in Q2 profits

Quarterly profits amounted to $9.65mln

City Cement’s board recommends capital reduction by 26%

The capital cut will be financed through the company’s internal resources and loans

City Cement’s Q2 profits hike 226%

The company ascribed the increase in profits to the rise in sales value due to the higher average selling price.

Sunday outlook: Oil prices, stocks dropped at the end of last week

Oil prices dropped near 1 percent on Friday as concerns about oversupply worried investors. Global markets dropped on worries over a trade deal between the U.S. and China weighed on sentiment. More commentary on Middle East markets, currencies and precious metals

BRIEF: Saudi's City Cement Posts Q3 Loss

City Cement profits down 34% in Q1

Profits reached SAR 24.9 million by the end of Q1-18, compared with SAR 37.9 million for the same period last year

Saudi economy to get a boost from trading in goods & services

JEDDAH - The price of oil per a barrel has plummeted from $110 in June 2014 to below $50 in November 2015. While choosing to maintain the production of oil supply to retain global market share, the Saudi Arabian government has had to re-align its expenditure to cope with a budget deficit caused by declining oil revenues.

Saudi stock market stabilizes

The Saudi equities index had dropped 1.1 percent on Sunday. On Monday the impact of that news faded