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Qassim Cement Obtains SAR1.5 Billion Credit Facility Deal

MT Newswires·12/22/2025 09:32:39
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09:32 AM EST, 12/22/2025 (MT Newswires) -- Qassim Cement (SASE:3040) secured a 10-year credit facility deal worth 1.5 billion Saudi riyals with the Saudi National Bank, according to a Monday filing. The financing, which is backed by a promissory note, will be used to fund the cement manufacturer's fourth production line project and for its working capital needs.