Qassim Cement secures US$107 million for new production line

The financing, completed on 13 August 2026, has a nine-year term, including a two-year grace period followed by seven years of repayments.

The fourth production line is planned to have a capacity of 10 000 tpd and will replace certain existing production lines. The project is intended to improve energy efficiency and environmental performance.

Qassim Cement said it plans to combine the SIDF financing with Sharia-compliant credit facilities from commercial banks to meet its funding requirements and reduce financing costs.

The project was first announced by the company in August 2025.