Qassim Cement Company is pleased to announce the approval of the Board of Directors on 26/12/2021 to appoint a specialized consulting firm to define the scope of work and qualify the competitors for the Solar Energy Project of a capacity of more than 30 MW, this Project will be implemented at Buraydah City in Qassim Region, in line with Saudi Vision 2030. The Project will integrate the generated solar power with the Company current energy generation resources, Qassim Cement Company will not incur any capital or operational expenditure, as the payment will be based on actual consumption.

The company aims to reduce its energy consumption, which will lead to reduction in carbon emissions, the size and extent of the financial impact is difficult to be determined at this stage. However, any significant developments will be announced in due course.