On August 19, 2026, City Cement Company released an update on the latest developments across its subsidiaries and strategic investments as part of its broader strategy to diversify revenue streams and enhance value chain integration. Green Solutions for Environmental Services Company is advancing its waste management operations — including alternative fuel production and recycling — with financial contributions to the Group expected to begin in 2027, pending regulatory approvals. Through Green Solutions, City Cement holds a 29.4% stake in Innovative Alternatives for Environmental Services Company, a joint venture targeting the development of a major waste recovery and processing facility in the Riyadh Region at an estimated investment cost of approximately SAR 350 million (funded ~30% by partners and ~70% through external financing), with trial operations targeted for 2028. Nizak Mining Company has commenced operations as the Group's mining arm, while its 50/50 joint venture with Next Generation SCM — focused on localizing CemGreen's patented technology for producing supplementary cement materials — has an estimated first-phase investment cost of approximately SAR 102 million, with trial operations expected by mid-2027 and financial impact anticipated by end-2027. These initiatives collectively align with Saudi Vision 2030's objectives in sustainability, mining sector development, and the reduction of carbon footprint.

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