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Al-Qassim Cement Secures 400M Riyal Loan
Al-Qassim Cement Company announced the signing of a 400 million SAR financing agreement with the Saudi Industrial Development Fund to develop the project of establishing a fourth production line at the company's plant. The project aims to increase production capacity by 10,000 tons per day, enhance efficiency, and reduce environmental emissions. The repayment period extends up to 7 years after a two-year grace period. The financing includes collateral such as pledges and assets, and it is part of the company's plan to strengthen its competitive capabilities in the local cement market.
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