Strategy Note /

Saudi Cement Monthly: Local sales growth post Ramadan

  • Local cement sales increased 16.2% mom (-4.8% yoy) to 3.50mn tons in May 2022, compared to 3.02mn ton in April 2022.

  • Clinker exports stood at 460,000 tons in May 2022 vs 658,000 tons in May 2021 (-51.5% mom)

  • Clinker production increased 1.8% mom (+12.6% yoy) to 5.17mn tons, recording its highest level since July 2015

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Head of Equity Research

SNB Capital
16 June 2022
Published bySNB Capital


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