Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone from the Ministry of Industry and Mineral Resources

Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone from the Ministry of Industry and Mineral Resources

Dec 28, 2021

Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone on 24/5/1443 AH corresponding to 28/12/2021 AD from the Ministry of Industry and Mineral Resources

License number: 1443331

License location: Taif – Radwan – Taif/Riyadh main road

License expiry date: 24/5/1444 AH

Area: 23.77 km

This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 10/19/1441 AH and its executive regulations.

The company will carry out the necessary exploratory studies on the new quarry during the statutory period to ensure the availability of the required raw materials

Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone from the Ministry of Industry and Mineral Resources

Umm Al-Qura Cement Co. announces its Interim Financial Results for the Period Ending on 30-9-2021 ( Nine Months )

Oct 27, 2021

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 56,955,601 87,606,540 -34.987 63,895,004 -10.86
Gross Profit (Loss) 22,401,282 41,615,456 -46.17 27,949,106 -19.849
Operational Profit (Loss) 19,107,186 38,544,511 -50.428 24,446,338 -21.84
Net Profit (Loss) after Zakat and Tax 12,473,700 31,911,100 -60.911 18,414,374 -32.261
Total Comprehensive Income 12,748,200 31,835,462 -59.955 18,283,033 -30.273
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 211,256,897 246,618,151 -14.338
Gross Profit (Loss) 91,210,162 120,171,829 -24.1
Operational Profit (Loss) 81,374,908 111,071,484 -26.736
Net Profit (Loss) after Zakat and Tax 61,925,026 91,399,447 -32.247
Total Comprehensive Income 62,068,185 90,875,896 -31.7
Total Share Holders Equity (after Deducting Minority Equity) 732,957,659 694,153,772 5.59
Profit (Loss) per Share 1.13 1.66
All figures are in (Actual) Saudi Arabia, Riyals
ACCUMULATED LOSSES CAPITAL PERCENTAGE %
0 550,000,000 0
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the decrease in net profit during the current quarter of 2021 AD compared with the same quarter of the previous year is due to the decrease in the amount and value of sales for the current quarter compared to the same quarter of the previous year. and the increase in selling and marketing expenses, general and administrative expenses and Zakat expense for the current quarter compared to In the same quarter of the previous year, despite the decrease in financing costs during the current quarter compared to the same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The main reason for the decrease in net profit for the current quarter compared to the previous quarter is due to the decrease in the amount and value of sales for the current quarter compared to the previous quarter, and the increase in financing costs for the current quarter compared to the previous quarter, despite the decrease in general and administrative expenses for the current quarter compared to the previous quarter.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The main reason for the decrease in net profit for the current period compared to the same period of the previous year is due to:

Decreased in the amount and value of sales for the current period compared to the same period of the previous year.

– Increase in selling and marketing expenses, general and administrative expenses and zakat expense for the current period compared to the same period of the previous year and a decrease in other revenues for the current period compared to the same period of the previous year, despite the decrease in financing costs for the current period compared to the same period of the previous year
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items N/A
Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone from the Ministry of Industry and Mineral Resources

Umm Al-Qura Cement Co. Announces Appointment of a CEO

Aug 24, 2021

ELEMENT LIST EXPLANATION
Introduction Umm Al-Qura Cement Company announces the appointment of Mr. Majid Tariq Salah Gharbawi as the CEO of the company as of 20 October, 2021AD corresponding to Rabi` Al-Awal 14, 1443 AH.
ELEMENT LIST EXPLANATION
Appointment Type Appointment
Name of the CEO Mr. Magid Tarik Salah Gharbawi
Date of Board Resolution 2021-08-24 Corresponding to 1443-01-16
Date Work Commencement 2021-10-20 Corresponding to 1443-03-14
Brief Resume Mr. Majid Tariq Gharbawy has more than 17 years of experience in the financial and banking sector, and included in his professional career many administrative and leadership positions for amany of banks and the private sector, and he has great experience in the field of entrepreneurship, corporate finance in various sectors, risk management and finance joint government initiatives. 

 

It is worth noting that Majed Gharbawi holds a Bachelor of Science in Business Administration – Majoring in Financial Management from the University of Southern California, in addition to many specialized certificates from inside and outside the Kingdom.
Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone from the Ministry of Industry and Mineral Resources

Umm Al-Qura Cement Company’s announcement regarding the appointment of the Chairman of the Audit Committee

Aug 1, 2021

 

ELEMENT LIST EXPLANATION
Announcement Detail Referring to the announcement of the results of the Ordinary General Assembly meeting held on Ramadan 17, 1442 AH corresponding to April 29, 2021 AD, and what was included in the item no 10 Approval of the forming the Audit Committee, defining its duties, operating controls, and remuneration for its members, for the new session that starts on 04/07/2021 AD and for a period of three years, noting that the members are:

 

1- Mr. Fawaz Hamad Fawaz Al-Fawaz (Member from Outside the Board)

2- Mr. Saud Muhammad Ali Al-Sabhan (membership – independent)

3- Mr. Yousef Muhammad Ali Al-Suhaibani (Member from Outside the Board)”

 

The company would like to inform the shareholders that the Audit Committee agreed, in its meeting held on 28/07/2021 AD, to appoint Mr. Yousef Muhammad Ali Al-Suhaibani as Chairman of the Committee.
Umm Al-Qura Cement Company announces the issuance of an exploration license for limestone from the Ministry of Industry and Mineral Resources

Umm Al-Qura Cement Co. Announces Resignation of a CEO

Aug 1, 2021

 

ELEMENT LIST EXPLANATION
Introduction Umm Al-Qura Cement Company announces the decision of the company’s board of directors, in its meeting held on 19/12/1442 AH corresponding to 29/07/2021 AD, to accept the resignation of Eng. Fawaz bin Saleh Al-Mutairi from his position as CEO of the company, provided that the resignation will take effect as of 01/09/2021 AD. His last working day in this position 31/08/2021 

The Board of Directors is pleased to extend its sincere thanks to Eng. Fawaz bin Saleh Al-Mutairi for the efforts made in managing the company through his position as CEO. The Board of Directors commends the effective role of Eng. Fawaz bin Saleh Al-Mutairi in managing the company during the previous period, during which he provided all support to all The company’s employees and its board of directors to maintain the good position of the company and to achieve outstanding positive results, wishing him the best in the coming days on both the professional and personal levels
ELEMENT LIST EXPLANATION
Name of the Resigned CEO Fawaz bin Saleh Al-Mutairi
Resignation Acceptance Date 2021-07-29 Corresponding to 1442-12-19
Resignation Effective Date 2021-09-01 Corresponding to 1443-01-24
Reasons for Resignation personnal causes