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SASE:3060

2 stories mentioning SASE:3060Updated 92d ago

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Equities

Yanbu Cement Flags Higher Production Cost from Saudi Aramco's Fuel Products Price Adjustment

Yanbu Cement (SASE:3060) expects a 4% rise in production cost due to Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco's, adjustment of fuel products prices.The cement maker said that the financial impact was reflected in its first-quarter financial statements, according to a Sunday release. Yanbu Cement added that the impact was mitigated due to its participation in the industrial sector competitiveness program.

SASE:2222SASE:3060
Research

SNB Capital Cuts Yanbu Cement PT, Maintains Neutral Rating

SNB Capital on Wednesday lowered its price target for cement maker Yanbu Cement (SASE:3060) to 15.40 Saudi riyals from 26.80 riyals, with an unchanged neutral rating.

SASE:3060

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