Saudi Arabia’s Yamama Cement Co has signed a financing agreement with Al Rajhi Bank for a value of SAR863m (US$229.81m), including a SAR563m long-term facility and SAR300m in short-term financing.
The long-term financing is over a period of five years and is expected to settle other banks’ obligations and improve financial efficiency, while the short-term facility is for one year and will finance Yamama Cement’s working capital.

Cementir reports preliminary cement and clinker sales of 10.7Mt in 2024
The Board of Directors of Cementir Holding NV has released the preliminary unaudited consolida...