# Northern Cement CEO Al-Subaie Expects 2027 Revenue and Profit Growth as Iraq Line Starts

> Northern Region Cement's CEO expects revenue and profit growth in 2027 as its new Iraq production line starts.

- Published: 2026-11-10T10:59:32+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-10/northern-cement-iraq-line-2027-growth
- Source: [Argaam](https://www.argaam.com/en/article/articledetail/id/1952232)

## Key takeaways

- Northern Region Cement CEO Obaid bin Saad Al-Subaie expects revenue and profit growth in 2027, tied to commissioning its new Iraq investment.
- Net profit rose 48% to SAR 54.85 million in the first nine months of 2026, from SAR 37.05 million a year earlier.
- Q3 2026 net profit reached SAR 23.76 million, up 48% year on year, as export sales offset lower Saudi demand.
- The company does not need additional financing next year as it nears completion of its overseas expansion projects.

[Northern Region Cement Co.](https://akta.pro/company-profiles/003ja6a/northern-region-cement-co) expects revenue and profit to grow in 2027 as its new cement production line in Iraq begins operating, CEO Obaid bin Saad Al-Subaie said. [Argaam](https://www.argaam.com/en/article/articledetail/id/1952232) reported the outlook alongside third-quarter results showing net profit up 48% year on year.

## Al-Subaie's Outlook for Iraq and Saudi Prices

Al-Subaie told Argaam the company expects to start operating the Iraq line in the near future and that its overseas investments, including Iraq, added to third-quarter 2026 results. He said the quarter's revenue growth came from higher export sales volumes and production in Syria, a larger share of the Syrian market, and growth at other overseas investments.

Saudi cement demand declined in the third quarter, trimming domestic sales volumes, which the company offset through exports and subsidiaries, Al-Subaie said. He attributed slower gross profit growth than revenue to an 11% rise in operating costs announced at the start of the year and to higher raw material transport costs at subsidiaries.

"The company does not need additional financing next year, as it is nearing completion of its overseas expansion projects," Al-Subaie said, adding that debt edged higher at the end of the third quarter compared with the prior quarter. He expects Saudi cement prices to stay stable in the fourth quarter of 2026 and next year.

## Northern Region Cement's Profit and Scale

Northern Region Cement is a Saudi cement maker founded in 2006, producing ordinary Portland, white Portland, sulfate-resistant, pozzolanic and oil well cement, with plants in Saudi Arabia and Jordan, according to akta.pro [company records](https://akta.pro/company-data). The same records put its revenue estimate at $250 million to $500 million and its headcount range at 1,001 to 5,000.

Net profit rose 48% to SAR 54.85 million in the first nine months of 2026, from SAR 37.05 million in the same period a year earlier, according to Argaam data. Third-quarter net profit reached SAR 23.76 million, up 48% year on year.

## Dividends and a Distribution Correction

On August 23, 2026, Northern Cement's board approved a 2.5% cash dividend for the first half of 2026, Argaam reported. The same day, Sahmcapital reported that the board approved a SAR 45 million distribution of SAR 0.25 per share, payable September 3, 2026.

On August 24, 2026, Northern Region Cement issued a correction announcement amending its board decision on the first-half 2026 cash dividend distribution date, Sahmcapital reported.

## What Comes Next for the Iraq Line

The company expects to begin operating its new cement production line in Iraq in the near future, and Al-Subaie expects stable Saudi cement prices in the fourth quarter of 2026 and next year.

## Companies in this story

- [Northern Region Cement Co. company profile](https://akta.pro/company-profiles/003ja6a/northern-region-cement-co) · website: http://www.nrc.com.sa/en

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