Qassim Cement Company: Business Overview, Financials & Competitive Analysis

Qassim Cement Company Overview

Qassim Cement Company is a Saudi Arabia-based cement manufacturer and seller founded in 1976, producing multiple cement types including Ordinary Portland, Portland pozzolana, sulphate resistant, and finishing cement products. The company operates a modern facility in Buraydah, Al-Qassim, and serves the regional construction and infrastructure markets that benefit from Saudi Arabia's Vision 2030 development agenda.

Strategic Profile

As a publicly-traded cement producer on the Tadawul exchange, Qassim maintains strong institutional backing with the Public Investment Fund and General Organization for Social Insurance as major shareholders. The company operates with minimal debt, strong liquidity ratios, and a substantial dividend yield, positioning it as a stable cash-generating asset in Saudi Arabia's basic materials sector competing with multiple regional cement producers.

Competitive Landscape

Qassim operates in Saudi Arabia's fragmented cement market alongside major competitors including Saudi Cement Company (3030), Yanbu Cement (3020), Arabian Cement Company, Northern Cement (3004), Southern Province Cement, and multiple regional producers. The market faces overcapacity and price competition as Vision 2030 infrastructure projects mature, requiring producers to compete on cost efficiency and product quality while maintaining geographic and customer diversification.

Industry Context

Qassim Cement Company operates in Building Materials - Cement Manufacturing.

Key facts

Founded: 1976 · Headquarters: Buraydah, Saudi Arabia · Employees: Not available · Revenue: 1.15B SAR (last 12 months) · Market cap: 4.71B SAR ($1.26B USD equivalent)