Financial Announcements
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Tuesday, 30th August 2016
Saudi Cement Company announces the first phase of our transition to International Financial Reporting standards (IFRS)
2016-08-30 (1437/11/27) 20:37:31 Saudi Cement Company disclosed the first phase of our transition to International Financial Reporting Standards, which included the following: 1. A plan to shift to International Financial Reporting Standards was prepared and approved. It includes all the stages of transition, starting from identification and analysis of the gap differences between Saudi Arabia (SOCPA) standards and international standards, including the accounting policies and procedures a
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Tuesday, 24th May 2016
Saudi Cement Company Announces signing of contract for selling its total shareholdings in Group International Cement Company (Kuwaiti closed joint stock co.)
2016-05-24 (1437/08/17) 16:17:36
Saudi Cement Company, hereby, announces that on 24-05-2016 has signed a contract for selling its total shareholding of 40% in Group International Cement Company (Kuwaiti closed joint stock co.) for total value of KWD1,989,162 ( Kuwaiti Dinars, One Million, Nine Hundred Eighty Nine Thousand One Hundred Sixty Two).
The financial impact will be an increase in the profit of the company, during the second quarter of 2016, as gain from selling of investment
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