Saudi Arabia: Najran Cement has secured US$14m in bank financing from Saudi National Bank to support its electrical grid connection project. The financing was obtained through Shariah-compliant facilities and will be repaid over a period of two years in annual instalments, including a grace period of six months.
Najran Cement announced that it had awarded a contract for the project to Sinoma International Engineering earlier in March 2026. The project is intended to improve energy efficiency and reduce reliance on liquid fuels for power generation at its Sultana plant under the Liquid Fuel Displacement programme.
