Atheeb Share Price: Comprehensive Overview of Hail Cement Company’s Financial

Hail Cement Company was established in the late 1970s to meet the growing construction needs in northern and central Saudi Arabia. Its headquarters is located in Hail, and it is a Saudi joint-stock company listed on the Saudi financial market (Tadawul) under the symbol 3001. Its stock is commonly referred to as 'Atheeb' in trading.

The company's operations include extracting limestone from local quarries and producing various types of cement, including ordinary cement used in most construction works, water-resistant and corrosion-resistant cement, as well as by-products like ready-mix cement. The company continuously strives to develop its products and services to keep pace with housing, infrastructure, and road projects in the Kingdom.

Through investments in production lines and modern technologies, Hail Cement plays a pivotal role in supporting the objectives of Saudi Vision 2030, especially with the expansion of new city projects and large government initiatives. The company's stock enjoys moderate liquidity in the market due to its medium size compared to the larger Saudi cement companies.

Historically, the company has been distinguished by its ability to meet local demand in its targeted areas, while seeking to expand its customer base through strategic partnerships and improved distribution lines.

Atheeb's share price (Hail Cement – trading symbol: 3001) experienced moderate fluctuations during 2024 and 2025, influenced by local and global economic factors. At the beginning of 2024, the price ranged between 12 and 16 Saudi Riyals, supported by financial results announcements and growth in demand for housing and infrastructure projects.

By the end of 2024, the stock closed near 15 Riyals, attributed to stable demand for cement within major government projects. In the first quarter of 2025, the price stabilized relatively in the range of 15-17 Riyals per share, with a moderate response to major market events such as changes in interest rates or local economic developments.

Compared to the main market index (TASI), Atheeb's stock performance paralleled the overall upward trend, benefiting from a wave of optimism in the Saudi market. Trading data shows that liquidity on the stock typically increases during earnings announcements or near dividend distribution dates.

It is important to note that prices change continuously, and it is advisable to refer to the stock's page on Tadawul (https://www.saudiexchange.sa/stocks/3001/) or official trading platforms for the latest actual prices.

The market capitalization of any company reflects its relative size in the market and the strength of its financial position. For Hail Cement, the number of outstanding shares is approximately 80 million, and with a trading price around 15 Riyals per share (mid-2024), the market capitalization becomes approximately 1.2 billion Saudi Riyals.

This value places the company within the medium-sized companies segment in the Saudi cement sector, where market capitalizations of major companies in the sector range between 3 to 15 billion Riyals. This size allows the company to maintain flexibility in the face of market fluctuations while also providing an opportunity to focus on targeted local markets.

Market capitalization is not just a number; it is an indicator of investor confidence in the company's future and sustainability. When compared to larger competitors like Saudi Cement or Yanbu Cement, Hail Cement occupies a competitive position in the northern and central regions. Additionally, market capitalization is directly affected by the company's financial performance, dividend distributions, and future growth expectations.

It is important to regularly monitor updates to market capitalization, especially with any changes in the number of shares (issuances or buybacks) or stock price movements resulting from financial results or significant events.

The price-to-earnings (P/E) ratio is a fundamental indicator in stock valuation. For Atheeb's share (Hail Cement), the P/E ratio was approximately 10.7 in mid-2024, based on an annual earnings of about 1.4 Riyals per share and a trading price of 15 Riyals.

This ratio indicates that the stock price reflects about 11 times the company's annual earnings, which is a moderate range in the Saudi cement sector where P/E ratios typically range between 8 and 12. This stability is explained by the sector's resilience to demand fluctuations and the strength of the company's local distribution network.

The P/E value changes according to the company's quarterly or annual results and is also affected by improvements or declines in earnings and the company's ability to control costs and continue growing. When comparing the P/E ratio with competing companies like Qassim Cement or Northern Cement, the attractiveness of the stock within the sector can be assessed.

It is important to follow the periodic announcement of earnings results on the company's official website or Tadawul, along with analyzing factors affecting the stock's profitability such as energy costs, raw material prices, and changes in overall demand.

Dividends are an attractive element for long-term investors in the cement sector. Hail Cement typically distributes between 30% to 40% of its net profits annually in the form of cash dividends, depending on the financial results and the approval of the general assembly.

In recent years, the cash dividend yield for Atheeb's share has been around 4%, with annual distributions ranging between 0.5 to 0.7 Riyals per share. This figure reflects a moderate dividend distribution policy, balancing between supporting shareholders and retaining a portion of profits to finance expansion or address operational challenges.

Dividend announcements are usually made after the end of the financial year or during the annual general assembly, and it is advisable to refer to official reports or the stock's page on Tadawul to review the details of announced distributions. The timing of dividend distribution and the record date are significant for investors looking to benefit from cash returns.

It is worth noting that the dividend yield changes based on the company's results and demand rates and may be affected by significant changes in production costs or the company's investment policies.

The Saudi cement sector is one of the most closely linked to economic growth, given its reliance on housing, infrastructure, and new city projects. In recent years, the sector has witnessed increasing demand driven by major government initiatives such as the housing program and projects under Saudi Vision 2030.

Among the sector's characteristics:
- High local demand supported by population growth and urbanization.
- Continuation of major projects in transportation, housing, and roads.
- Strong competition among local companies covering diverse geographical areas.
- Companies' profitability is affected by energy and transportation costs, along with environmental regulatory changes.

Despite the challenges posed by slowdowns in the real estate sector at times, ongoing government spending has helped stabilize demand for cement. Legislative initiatives have also stimulated local production and supported the sector's sustainability.

Cement companies are also influenced by global factors such as oil prices and raw material costs, as well as changes in import and export policies. Opportunities remain for companies with high production capacity and efficiency in cost control to expand their market share locally and regionally.

Hail Cement competes with major companies such as Saudi Cement, Qassim Cement, and Yanbu Cement in a market increasingly focused on quality, price, and delivery speed. The distribution of companies covers various regions of the Kingdom to meet local demand within their geographical scope.

Hail Cement is distinguished by its focus on the northern and central regions, giving it a competitive advantage in meeting projects in those areas quickly and efficiently. The company relies on an effective distribution network, and its proximity to local quarries reduces transportation costs compared to some competitors.

Other competitive aspects include:
- Product quality and adherence to technical specifications.
- Ability to provide technical solutions and after-sales services to contractors.
- Partnership programs with local contractors and government entities.

Hail Cement seeks to maintain its market share by updating production lines, expanding production capacity, and investing in environmental solutions and modern technologies. The company's geographical location remains a critical factor in its competitiveness, especially with ongoing government projects in its primary activity areas.

The performance of Atheeb's share (Hail Cement) is influenced by several key factors, including:

1. Production Costs: Energy and fuel represent the largest portion of costs. Any change in energy prices directly affects profit margins.
2. Transportation and Labor Costs: With the company relying on local quarries, controlling transportation costs remains a relative advantage, but rising wages or transportation prices may impact profitability.
3. Overall Demand: This is linked to the volume of government and private projects, especially in housing and infrastructure. An increase in projects leads to higher demand for cement.
4. Regulatory and Environmental Changes: These may require additional investments in production lines or alternative energy sources.
5. Local and International Competition: Price pressure due to competition may squeeze profit margins, especially during periods of oversupply.

These factors interact to determine the stock's direction in the short and medium term. The importance of regularly monitoring economic news and the company's results is highlighted to understand how these factors affect the stock's performance in the market.

Data from the second half of 2024 showed significant growth in revenues and profits for Hail Cement compared to the same period last year. This improvement is attributed to increased sales volumes due to housing and infrastructure projects, along with the company's success in reducing operational costs through improved production efficiency.

Revenues increased by approximately 8% to 12%, and net profit reached around 200 million Riyals (approximate figure for illustration), supported by better control over operational and logistical expenses. Technological initiatives also contributed to enhancing production efficiency and reducing fuel consumption.

These results bolster confidence in the company's ability to continue growing, especially with expectations of sustained local demand for cement amid ongoing government projects. These results positively reflect on dividend distributions and liquidity available to shareholders.

For more details, it is advisable to follow the official announcements and quarterly reports issued by the company through Tadawul or the company's official website.

Hail Cement aims to strengthen its market position through plans to expand production capacity and modernize production lines by 2026. The company focuses on:

- Expanding the clinker production line to meet expected demand in Portland cement projects.
- Investing in environmental solutions, such as alternative energy units (like alternative fuels and solar energy) to reduce emissions and improve operational efficiency.
- Marketing expansion, exploring limited export opportunities to neighboring countries during periods of low local demand.

These projects reflect the company's commitment to sustainability and long-term growth, aligning with the objectives of Saudi Vision 2030. These investments also allow the company to improve profit margins and keep pace with technological and regulatory developments in the industrial sector.

It is important to follow the company's announcements regarding expansions, as its plans indicate a commitment to meeting local demand and providing distinguished products in the market.

Atheeb's share enjoys medium to high liquidity during periods of financial results announcements or near dividend distribution dates. Trading volume typically increases with the release of significant news about the company or the sector, and the stock's movement is influenced by major economic events such as interest rates or regional political changes.

In 2024, notable trading activity was observed with the announcement of positive results, while the stock's movement remained more stable compared to stocks in more volatile sectors like banks or petrochemicals. The company did not experience acquisitions or significant changes in ownership structure during the mentioned period.

This liquidity allows investors to enter and exit the stock relatively easily, while it is essential to consider short-term price fluctuations, especially during periods of economic events or important announcements. It is best for followers to rely on official trading platforms to monitor daily liquidity and executed volumes.

To accurately monitor Atheeb's share price (Hail Cement – 3001), it is advisable to use official sources such as the Saudi Tadawul platform (https://www.saudiexchange.sa/stocks/3001/) which provides real-time data on prices, trading volumes, and key financial indicators.

Other sources include:
- The company's official website, which publishes annual and quarterly financial reports.
- Financial market data sites like Argaam that provide analyses and comparisons among listed companies.
- Global economic news agencies like Bloomberg and Reuters for analysis and news coverage about the sector.

Relying on reliable sources helps in forming an accurate picture of the stock's performance and supports informed investment decisions. It is essential to monitor the company's announcements and market updates to analyze developments affecting the stock price and its financial indicators.

Many followers wonder about the meaning of Atheeb's share and its relation to Hail Cement, how to know the current price, basic financial indicators like the P/E ratio, and dividend policies. Questions also arise regarding the company's position in the competitive market, the impact of economic conditions, and future projects.

In the next section of the article, we will provide detailed answers to the most prominent of these questions, focusing on delivering educational and objective information that helps the reader understand the dynamics of the stock and the sector without providing any direct investment recommendations or explicit future forecasts, in compliance with the rules of the Capital Market Authority.