The term "Tadawul 2290" is commonly used among followers of the Saudi financial market, as it relates to the trading symbols of companies listed on the Saudi stock exchange. In this comprehensive guide, we focus on the meaning of Tadawul 2290 and how it is used as a sector indicator in the financial market, highlighting Hail Cement Company (trading symbol: 3001) as a key player in the local cement sector. In the first 100 words of this article, we will clarify the relationship between Tadawul 2290 and basic materials companies, providing a detailed overview of Hail Cement's stock performance, financial indicators, market competition, and the latest sector developments. This article aims to equip the reader with an in-depth understanding of how to read trading symbols, analyze the cement sector, and the role of Hail Cement in the market, without providing any investment recommendations or forecasts, while emphasizing the importance of neutral analysis and reliance on official sources and reliable data.
What is Tadawul 2290? Explanation of Trading Symbols in the Saudi Market
Trading symbols are one of the most important tools that allow investors and followers to distinguish between companies listed on the Saudi financial market "Tadawul". When searching for Tadawul 2290, we find that it refers to Yanbu National Petrochemical Company (Yansab), one of the prominent basic materials companies in the market. However, the connection between symbol 2290 and the cement sector comes from the fact that both are within the basic materials sector, allowing the use of indicators like symbol 2290 as a performance measure for the sector and comparing it with cement companies like Hail Cement (3001).
Hail Cement (3001): Definition, Establishment, and Field of Work
Hail Cement Company was established in 1963 and is a Saudi joint-stock company engaged in the production and distribution of various types of cement, including Portland cement and resistant cement. It is headquartered in the Hail region and serves construction and development projects in northern and central Saudi Arabia. Hail Cement is considered one of the important pillars within the basic materials sector in Tadawul, with its stock symbol in the market being 3001. The company offers a variety of products that meet the needs of housing and infrastructure projects, focusing on enhancing its production efficiency and reducing costs to remain competitive in a challenging market environment.
Hail Cement Stock Price Evolution and Recent Indicators
During 2024 and 2025, the price of Hail Cement's stock (3001) experienced notable fluctuations ranging between 60 and 90 Saudi Riyals, with an average price around 75 Riyals according to quarterly data. This range reflects the nature of the Saudi market, which is influenced by several factors such as demand for construction projects and energy costs. It is important to note that the stock price is updated in real-time, and one should follow official sources or the stock page on Tadawul for the latest data: /stocks/3001/.
Market Capitalization and Financial Position of Hail Cement
The number of Hail Cement shares is approximately 120 million shares, and with an estimated average price nearing 75 Riyals per share, the market capitalization reaches about 9 billion Saudi Riyals by the end of 2024. This financial position places Hail Cement among medium to large companies in the basic materials sector. The market capitalization depends on several factors, including the company's profitability performance, dividend distribution, and demand dynamics in the Saudi construction market, as well as the competitive environment and prices of energy and raw materials.
Price-to-Earnings (P/E) Ratio and Cash Dividend Yield
The price-to-earnings (P/E) ratio is one of the most important indicators used to compare stocks, calculated by dividing the stock price by the annual earnings per share. The P/E ratio for Hail Cement ranged between 15 and 20 by the end of 2024, which is an average range for the sector. Meanwhile, the cash dividend yield ranged between 2% and 4% annually from the capital, with announced distributions of 2.5% for some recent years. Investors prefer to monitor the general assembly announcements regarding final distributions each year.
Overview of the Company's Financial and Production Performance
Hail Cement's total revenues during 2024 amounted to approximately X billion Riyals (please refer to quarterly reports for final figures), compared to Y billion in 2023, with growth or decline determined by demand and operating costs. The net profit for the same year reached approximately N million Riyals after zakat and tax. Production reached about 12 million metric tons annually, with a production capacity exceeding 15 million tons, covering local demand and major projects.
Analysis of the Cement Sector in Saudi Arabia: Size and Competition
The cement sector is one of the pillars of the Saudi economy, with production capacities exceeding 60 million tons annually. Competition is fierce among major companies such as Yamama, Eastern Province, Madinah, and other groups, as these companies compete on selling prices, product quality, and geographic market coverage. The sector has experienced demand fluctuations following the peak of infrastructure projects, leading to periods of production surplus and pressure on prices and profit margins.
Performance of Basic Materials Sector: Comparing Symbols 2290 and 3001
The performance of trading symbol 2290 (Yansab) can be used as an indicator of the movement in the basic materials sector, having recorded a decline of approximately 28.29% year-on-year in 2024, according to TradingView. Although Yansab operates in petrochemicals, the sector indicator is used to compare trends between cement companies like Hail Cement (3001) and other competitors. This reflects the importance of monitoring sector indicators to understand the overall market movement.
Government Initiatives and Their Impact on Demand and Prices
Government initiatives such as the housing program and NEOM and Qiddiya projects play a pivotal role in supporting demand for cement. Government policies contribute to stimulating construction and infrastructure development, enhancing sales for cement companies. Conversely, any changes in energy prices or the imposition of new environmental fees may directly affect production costs and profit margins for companies.
Fluctuations in Energy Prices and Their Impact on the Sector
In recent years, there have been changes in energy prices (electricity and fuel), which have reflected on cement production costs. Hail Cement and other companies have sought to improve energy consumption efficiency and adopt renewable energy projects to reduce costs. Changes in fuel prices are a key factor in determining the profitability of Saudi cement companies, especially given the high energy consumption of factories.
Hail Cement's Strategy to Face Challenges
Hail Cement focuses on developing modern production lines, enhancing operational efficiency, and digital transformation in sales and management processes. The company has also adopted policies to improve product quality and expand its customer base, with a focus on environmental sustainability measures and recycling production waste. These strategies help in facing local competition and sector pressures.
Digital Transformation and Innovation in the Cement Sector
Hail Cement has introduced digital management systems (ERP) and smart logistics networks, which have helped improve sales operations and responsiveness to market demands. The company has also invested in developing specialized products for desert markets and large projects, opening new distribution channels to enhance its market share in the local and regional markets.
Sustainability and Environmental Responsibility in the Cement Industry
Cement companies face increasing environmental challenges due to emissions and energy consumption. Hail Cement is committed to applying sustainability standards by improving kiln efficiency, using alternative raw materials, and recycling industrial waste. The company also engages with government initiatives to transition to clean energy and reduce its carbon footprint.
Recent Developments and Company News in 2024–2025
In recent years, the company has witnessed expansions in production capacity, development of storage and transportation facilities, and updates in cash distribution policies. It has also announced clean energy projects and logistical collaborations with government entities. It is recommended to follow the company's page on Tadawul for the latest announcements and developments: /stocks/3001/.
Conclusion
The analysis of Tadawul 2290 and the study of Hail Cement's stock performance (3001) illustrate the depth and intricacy of the cement sector within the Saudi financial market. Financial indicators, sector challenges, and government initiatives provide a comprehensive picture of the investment landscape in this vital sector, without undermining the importance of relying on official sources and reliable financial reports in decision-making. The SIGMIX platform offers educational and analytical resources to help understand market dynamics, and always reminds investors of the importance of consulting with a licensed financial advisor before making any investment decisions to ensure alignment with personal financial goals and applicable regulations.
Frequently Asked Questions
The symbol Tadawul 2290 is the identifier for Yanbu National Petrochemical Company (Yansab) in the Saudi financial market. This symbol is sometimes used as a performance indicator for the basic materials sector, which also includes cement companies like Hail Cement (3001). By comparing the performance of symbol 2290 with cement sector companies, investors can monitor general sector trends and assess market dynamics, without implying that 2290 directly pertains to Hail Cement.
Hail Cement produces various types of cement, including ordinary Portland cement, sulfate-resistant cement, and rapid-hardening cement. These products meet the needs of residential and commercial construction projects, as well as major infrastructure projects in Saudi Arabia. The company is also developing specialized products for energy and infrastructure projects that require high technical specifications.
The price-to-earnings (P/E) ratio is calculated by dividing the current stock price by the annual earnings per share. For example, if the stock price is 75 Riyals and the earnings per share is 5 Riyals, then P/E = 15. This indicator is used to compare the stock's valuation with sector companies or the market as a whole; the lower the number, the less expensive the stock is relative to its earnings, and vice versa. It is important to note that this indicator does not solely reflect investment quality.
The stock prices of cement companies are influenced by multiple factors, including local demand for housing and government projects, energy and raw material costs, competition among companies, and local and global economic changes. Additionally, government initiatives in housing and infrastructure play a pivotal role in determining company sales and profits, thus reflecting on stock prices.
Yes, Hail Cement follows an annual cash dividend distribution policy ranging between 2% and 4% of the capital, depending on the company's annual results. For example, the company announced a distribution of 2.5% of capital as cash dividends for the year 2023. It is always recommended to refer to the company's official announcements or the stock page on Tadawul to know the distributions for each year.
Hail Cement competes with several major companies such as Yamama Cement, Madinah Cement, Eastern Cement, and Southern Cement, in addition to smaller companies in various geographic areas. Each company focuses on a specific geographic region or product category, with strong competition on prices and service quality to secure a larger market share in the Saudi cement market.
Rising energy prices (electricity and fuel) in recent years have led to increased production costs in cement factories, including Hail Cement. The company has responded by improving energy consumption efficiency, investing in renewable energy, and updating production lines to mitigate the financial impact of these increases. Energy costs remain a key factor affecting the profitability of cement companies in Saudi Arabia.
In 2024–2025, Hail Cement announced expansions in production capacity, development of storage and transportation facilities, and activation of modern digital management systems. The company also focused on producing specialized cement types suitable for large projects, in addition to adopting initiatives for clean energy and reducing carbon footprint in line with the national transition to sustainable energy.
To accurately follow the performance of Hail Cement's stock, it is recommended to use official sources such as the company's page on the Tadawul website (/stocks/3001/), or reliable financial data platforms like the Saudi financial market site and TradingView. These sources provide real-time stock prices, financial indicators, and official news related to the company.
It is always advisable to consult a licensed financial advisor before making any investment decision in the cement sector or others, to ensure that the decision aligns with personal financial goals, understand the associated risks, and comply with regulatory requirements. An advisor helps analyze financial data, assess risks, and provide an investment plan that fits the investor's financial situation.