SR.No: 100
Saudi Cement
Sector: Industrials
Date of Establishment: 1955
Country: Saudi Arabia
CEO: Mohammed Ali Al-Garni
Sales: $419 million
Profits: $120 million
Assets: $981 million
Market Value: $2.6 billion
Saudi Cement Company manufactures and supplies clinker and cement across the kingdom. Last year, it produced 6.4 million tons of cement compared to 5.7 million tons in 2019, a 12.3% increase, while its total production of clinker dropped by 2% to 6.3 million tons. In March 2020, Saudi Cement donated $1.3 million to the Endowment Health Fund to help fight the pandemic. CEO, Mohammed Ali Al-Garni, has been working in the cement industry for 30 years. He is also a board member of the World Cement Association.