‎Qassim Cement pens SAR 400M financing with SIDF

‎<p><img src="https://argaamplus.s3.amazonaws.com/1c27bc57-1be1-4f89-846a-d5ec9f2149dd.png"></p> <p class="ckeCaption">Logo ofQassim Cement</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/tasi/qacco" target="_blank">Qassim Cement Co.</a> signed a SAR 400 million financing agreement with the Saudi Industrial Development Fund (SIDF), according to a <strong>Tadawul </strong>statement.</p> <p ></p> <p >The deal aims to help finance the construction of a fourth production line—with a production capacity of 10,000 tons per day—to replace some of the existing production lines at the company’s plant.</p> <p ></p> <p >The financing has a nine-year tenor, including a two-year grace period and a seven-year repayment schedule.</p> <p ></p> <p >The guarantees provided against the financing include a promissory note, assignment of the insurance policies for the new production line project in favor of the fund, and a pledge of assets in favor of the fund.</p> <p ></p> <p >The company said it aims to benefit from the funds provided by SIDF, in addition to the Shariah-compliant credit facilities available from commercial banks, in a manner that meets its needs and helps reduce financing costs to the lowest possible level.</p> <p ></p> <p >It added that all required signatures for the financing were completed on Aug. 13, noting that there are no related parties involved.</p> <p ></p> <p >Qassim Cement signed, in August 2025, a SAR 1.12 billion contract with Sinoma International Engineering for the construction of a fourth production line at the company’s plant in Buraydah, according to data available on <strong >Argaam</strong>.</p>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

16th August 2026

Original report

argaam.com

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