Saudi cement sector set to stay strong - report
2011-09-27 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: A recent report by Saudi Arabia's NCB Capital has said the kingdom's cement industry is to continue to achieve high dividends, with expected yields for 2011 around 6%-7%. Yamamah Cement remains the bank's only overweight in the sector as it benefits from its high capacity and stock levels which should enable it to take advantage of the strong demand environment present in Saudi Arabia. The total sales volume for the nine listed stock increased by 15% y-o-y to 10,757 million tonnes, while for the four private cement companies volumes rose by 5% to 2,802 million tonnes in the second quarter of this year.  

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