On August 16, 2026, Qassim Cement Company announced the signing of a financing agreement with the Saudi Industrial Development Fund (SIDF), valued at SAR 400,000,000, with the agreement formally executed on August 13, 2026. The financing carries a term of 9 years, including a 2-year grace period followed by a 7-year repayment schedule, and is secured by a promissory note, endorsement of insurance policies, and a mortgage of assets in favor of the Fund. The proceeds will contribute to funding the Company's fourth production line project — previously announced on August 14, 2025 — with a production capacity of 10,000 tons per day, replacing certain older production lines. The project aims to improve energy utilization efficiency and environmental performance, with the Company also intending to complement this financing with Sharia-compliant commercial bank credit facilities to optimize its overall financing structure and minimize costs.

Original announcement:

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