Riyadh - Mubasher: Qassim Cement Company has signed a Shariah-compliant credit facility agreement with the Saudi National Bank (SNB) valued at SAR 1.50 billion on 22 December.
The ten-year facility will support the financing of the company’s fourth production line and fund its working capital, according to a bourse filing.
The new production line, with a daily capacity of 10,000 tons, will replace certain older lines and contribute to Saudi Arabia’s goals of improving energy efficiency and environmental protection.
Meanwhile, the financing is secured by a promissory note issued by the company.
During the first nine months (9M) of 2025, Qassim Cement generated 9.68% year-on-year (YoY) lower net profits at SAR 191.07 million, compared to SAR 211.56 million.
