| Element List | Explanation |
|---|---|
| Introduction | Qassim Cement Company announces the signing of a Shariah-compliant credit facility agreement with the Saudi National Bank (SNB) to support the financing of a fourth production line project at the company's plant, with a production capacity of 10,000 tons/day to replace certain existing production lines, in addition to financing the company's working capital. |
| Date of obtaining the funding | 2025-12-22 Corresponding to 1447-07-02 |
| Financing entity | Saudi National Bank (SNB) |
| Financing amount. | (1,500,000,000) One billion five hundred million Saudi Riyals. |
| Financing duration. | Ten Years |
| Guarantees offered for the financing | Promissory Note Issued by Qassim Cement Company |
| Financing objective | Support the financing of a fourth production line project, which was previously announced by the company on 14-08-2025 with a production capacity of 10,000 tons/day, in order to replace certain older production lines, which contributes to the Kingdom's objectives to improve energy efficiency and environmental protection, in addition to financing the company's working capital. |
| Related Parties | Saudi National Bank (SNB) |
| Additional Information | The necessary signatures for the credit facility agreement have been completed on 02-07-1447 AH - 22-12-2025 |
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