Is Saudi Cement (3030) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.9% / 30% | 2.4% / 30% | 8.2% / 30% | 0.0% / 5% | ✓ HALAL |
| DJIM | 5.9% / 33% | 2.4% / 33% | 8.2% / 33% | 0.0% / 5% | ✓ HALAL |
| MSCI | 9.5% / 33% | 3.9% / 33% | 13.1% / 33% | 0.0% / 5% | ✓ HALAL |
| S&P | 5.9% / 33% | 2.4% / 33% | 8.2% / 33% | 0.0% / 5% | ✓ HALAL |
| FTSE | 9.5% / 33% | 3.9% / 33% | 13.1% / 50% | 0.0% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 36.1% | |
| Operating Margin | 25.3% | |
| Net Margin | 21.8% | |
| Return on Equity (ROE) | 16.3% | |
| Return on Assets (ROA) | 8.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $579M |
| Free Cash Flow | $493M |
| Total Debt | $299M |
| Debt-to-Equity | 10.4 |
| Current Ratio | 1.7 |
| Total Assets | $3.1B |
Price & Trading
| Last Close | SAR 34.60 |
| 50-Day MA | SAR 34.36 |
| 200-Day MA | SAR 37.10 |
| Avg Volume | 138K |
| Beta | 0.2 |
|
52-Week Range
SAR 29.74
| |
About Saudi Cement (3030)
Saudi Cement Company manufactures and sells cement and related products in the Kingdom of Saudi Arabia and internationally. The company offers cement clinkers, sulfate resistant cement, and ordinary Portland products. It provides its products to construction projects, such as highways, bridges, airports, seaports, railways, metros, and various housing and commercial projects. It also offers port services and logistics services. The company also exports its products. Saudi Cement Company was incorporated in 1955 and is headquartered in Dammam, the Kingdom of Saudi Arabia.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is Saudi Cement (3030) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Saudi Cement is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Saudi Cement's debt ratio?
Saudi Cement's debt ratio is 5.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 9.5%.
What are Saudi Cement's key financial metrics?
Saudi Cement has a market capitalization of $5.3B, trailing P/E ratio of 14.4, and revenue of $1.7B. The company maintains a gross margin of 36.1% and a net margin of 21.8%. Return on equity stands at 16.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.