Hail Cement Company
Wholesale Building MaterialsHa'il, Saudi Arabia201-500 Employees
Hail Cement Company is a wholesale supplier of building materials based in Ha'il, in the Ha'il region of Saudi Arabia. It is affiliated with Qassim Cement Company, and in June 2024 Qassim Cement announced the completion of its acquisition of Hail Cement, carried out by issuing new shares to Hail Cement shareholders at a rate of 0.21 Qassim Cement shares per Hail Cement share, with approval from both companies' extraordinary general assemblies. The business is described as mid-sized, employing several hundred people. This acquisition effectively places Hail Cement within the Qassim Cement group and the Saudi cement market. Earlier, in 2022, a non-binding memorandum of understanding between Qassim Cement and Hail Cement regarding the acquisition was noted. The arrangement situates the company within the broader construction materials supply chain in northern Saudi Arabia.