SR.No: 91
Southern province Cement Company (SPCC)
Sector: Industrials
Date of Establishment: 1978
Country: Saudi Arabia
CEO: Aqeel Fotaees Saeed Kadasah
Sales: $441 million
Profits: $162 million
Assets: $1.1 billion
Market Value: $3.1 billion
SPCC is considered one of the biggest cement companies in the Middle East. It owns three factories in Saudi Arabia in Jazan, Assir, and Makkah. Saudi’s Public Investment fund owns 37.4% of the company and is its largest shareholder. Saudi’s General Organization for Social Insurance owns 10.8% of the company.