Gypsum industry news

Saudi Arabia: National Gypsum Company has appointed Ahmed bin Abdullah bin Fahd Al-Thunayan as its new Chair. The company’s board of directors convened on 2 June 2025 to decide the appointment.

Saudi Arabia: National Gypsum Company recorded sales of US$4.48m in the first quarter of 2025, down by 0.6% year-on-year. Group net profit rose by 67% to US$352,000. Mist News has reported that sales grew by 26% quarter-on-quarter from the fourth quarter of 2024.

Saudi Arabia: National Gypsum Company has signed a contract with LVJOE Machinery Manufacturing Group for work to upgrade production lines at its Riyadh plaster plants, scheduled for completion in late 2025. Mist News has reported that the total value of the upgrades as US$3.96m.

Saudi Arabia: National Gypsum Company has signed a US$9.32m financing agreement with Riyad Bank. Mubasher News has reported that the loan will support expansions to its gypsum wallboard plants. The financing commenced on 5 January 2025, with a tenor of 18 months.

Saudi Arabia: National Gypsum Company recorded US$13.3m in sales in the first nine months of 2024, Reuters has reported. This corresponds to a year-on-year rise of 22% from US$10.9m in the corresponding period in 2023.

Saudi Arabia: National Gypsum Company’s sales rose by 19% year-on-year to US$8.76m in the first half of 2024, Arab News has reported. Nonetheless, its net profit dropped by 18% to US$450,000.

Saudi Arabia: National Gypsum Company’s sales amounted to US$13.8m in 2023, down by 5.5% year-on-year from US$14.6m in 2022. Reuters has reported that the company’s cost of sales dropped by 8% year-on-year. Nonetheless, it recorded a net profit of US$1.36m, against a US$1.71m loss in 2022.

Saudi Arabia: National Gypsum Company expects its cost of sales to rise by 11% following a hike in fuel prices by Saudi Aramco from 1 January 2024. In an exchange filing, the company said that the increase will show in its results from the first quarter of 2024.

Saudi Arabia: National Gypsum Company ‘s sales rose by 40% year-on-year to US$16.3m in 2018 from US$11.7m in 2017. Its net profit after Zakat and tax was US$3.01m following a loss of US$4.38m in 2017. The company attributed its turnabout to increased sales, external investment and changes in its accounting.

Saudi Arabia: National Gypsum Company has reported that its net profit fell by 64% year-on-year to US$1.5m in the first half of 2016, from US$4.2m in the same period in 2015. Its net profit for the second quarter of 2016 fell more sharply, dropping by 80% to US$573,000.