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Qassim Cement Obtains SAR400 Million Financing

MT Newswires·08/16/2026 03:45:43
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03:45 AM EDT, 08/16/2026 (MT Newswires) -- Qassim Cement (SASE:3040) secured financing worth 400 million Saudi riyals from the Saudi Industrial Development Fund. The Saudi Arabia-listed cement producer will repay the amount over seven years, with an option for an additional two-year grace period, according to a Sunday release. Funds will be used for the planned construction of a fourth production line at the company's plant. The new line will have a daily production capacity of 10,000 tons and will replace some existing production lines.