Qassim Cement Company: Business Overview, Financials & Competitive Analysis
Qassim Cement Company scores 6/10 on the AskCyborg Cyborg Score (Solid). Stable, dividend-focused cement producer with strong balance sheet but facing demand pressures in a competitive Saudi cement market. Qassim demonstrates solid fundamentals with zero debt, strong current ratios, and consistent dividend yields of 7.57%. However, recent revenue declined 14% year-over-year in 2023, and the stock is down 17.38% over.
What is Qassim Cement Company's industry? Qassim Cement Company (qcc.com.sa) operates in Building Materials - Cement Manufacturing. AskCyborg classifies Qassim Cement Company under Building Materials - Cement Manufacturing in its company registry.
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 p...
Cyborg Score thesis
Stable, dividend-focused cement producer with strong balance sheet but facing demand pressures in a competitive Saudi cement...
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Get Current Report FreeQassim Cement Company Overview
Pro stress-test →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
Pro stress-test →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
Pro stress-test →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)