Sharjah Cement and Industrial Development Co. PJSC

Issuer and business perimeter

As of: 2026-06-30 / 2026-08-12 / 2026-08-31

Sharjah Cement & Industrial Development Co. (PJSC), traded on ADX as SCIDC, is a Sharjah industrial group established in 1977. Cement is its anchor business, but the listed share also represents packaging, synthetic rope, ready-mix concrete and an investment portfolio. Its consolidated accounts cover the parent and subsidiaries; they are not the accounts of the cement factory alone. The corporate website records the end of Kuwait trading on 26 August 2021, so a historical Kuwait quotation should not be presented as a current second listing.

Group structure and the new concrete operation

As of: 2026-06-30 / 2026-08-12 / 2025-12-31

The annual report describes six business units: cement, dry mortar, ready-mix, paper sacks, Gulf Rope and investments. This operating map is different from the legal subsidiary list. At 30 June 2026, Gulf Rope & Plastic Products Co. LLC and Sharjah Ready Mix Concrete Products Co. L.L.C. SP were both wholly owned. The latter was incorporated on 13 October 2025, began limited operations with one plant in November 2025 and entered full commercial operation in January 2026. Consequently, the first-half comparison includes a changed business perimeter; revenue growth cannot all be attributed to higher cement volumes or prices.

Ownership: a dated snapshot

As of: 2025-12-31

The disclosed holders above 5% at 31 December 2025 were Sharjah Asset Management (14.78%), Sharjah Social Security Fund (9.09%), Ahmed Omar Salem Al-Karbi (8.55%), Salem Abdullah Salem Al-Hosani (5.42%) and Al-Salem Company Ltd (5.34%). These are separately reported holdings, not evidence that they vote as one controlling block. The snapshot should not be read as a live shareholder register. It does, however, show why describing the company solely by its private individual shareholders would omit significant institutional ownership.

Cement and dry mortar: what is sold

As of: 2025-12-31

The cement range includes Portland and sulphate-resistant cement, ground granulated blast-furnace slag, clinker and oil-well cement grades. These products serve different specifications and customer uses; group revenue is not a pure commodity-clinker measure. Dry mortar adds formulated products for plastering, tile fixing and grouting. Material is supplied dry and mixed with water at the construction site. The annual report describes an automated German dry-mortar plant with capacity of 1,000 metric tonnes per day. This is stated equipment capacity, not verified daily production or utilisation.

Physical assets and industrial diversification

As of: 2025-12-31 / 2026-06-30 / 2026-08-12

The ready-mix plant is described with capacity of 320 cubic metres per hour, around 25 kilometres east of Sharjah on the Sharjah–Al Dhaid road, supported by mixers, pumps and a laboratory. Paper sacks provide packaging for cement and other products including fertilisers, chemicals, sugar and minerals; stated capacity is 120 million sacks annually. Gulf Rope, established in 1994, manufactures synthetic ropes and baler twine under the FALCON brand. These units diversify customers but retain exposure to imported inputs. At 30 June 2026 the group reported property, plant and equipment of AED 949.800 million and investment property of AED 232.947 million; neither figure is a market valuation of the industrial sites.

Markets and sales exposure

As of: 2026-06-30 / 2026-08-12

First-half 2026 revenue was predominantly domestic: AED 469.554 million from the UAE and AED 15.901 million from outside the UAE, versus AED 327.962 million and AED 35.977 million respectively a year earlier. The broader business footprint includes the Middle East, Africa and Asia, but that geographic reach should not obscure the latest concentration of revenue in the UAE. Construction activity, project schedules and customer collections in the domestic market therefore matter more to the current sales mix than the number of export destinations.

Financial performance and reporting basis

As of: 2025-12-31 / 2026-03-05 / 2026-06-30 / 2026-08-12

The figures below are consolidated and in AED million. The full year is audited; the first-half statements are unaudited and subject to a limited review with an unmodified conclusion. Half-year results are not annual forecasts. The improvement in gross profit accompanies higher revenue, but the sources used here do not provide a consistent group-wide bridge separating selling prices, volumes, product mix and the new concrete operation. Net profit also includes investment income and financing costs.

Investment income is a separate earnings driver

As of: 2026-06-30 / 2026-08-12

The group reports manufacturing and investment segments. Investment activities include property letting and securities and private-equity investments, principally linked to the GCC and Asia. First-half investment income of AED 14.006 million included dividends of AED 9.916 million and net rental income of AED 4.237 million, alongside a fair-value-through-profit-or-loss loss of AED 0.549 million and other income. Rental revenue is not the same as rental profit after depreciation and costs. Financial investments totalled AED 257.723 million at 30 June 2026. Market revaluations can also enter other comprehensive income rather than the profit figure, so net profit alone does not capture every change in portfolio value.

Cash generation and working capital

As of: 2026-06-30 / 2026-08-12

Operating cash inflow reached AED 114.135 million in the first half, compared with AED 21.320 million a year earlier. Inventory movements released AED 44.977 million while receivables movements absorbed AED 63.266 million. Cash spending on property, plant and equipment was AED 38.661 million; interest paid of AED 12.332 million is classified in financing cash flow, not operating cash flow. At period end, net trade receivables were AED 311.405 million and supplier prepayments AED 82.770 million. Security over part of receivables reduces some credit exposure but does not guarantee all collections. Cash conversion must therefore be assessed alongside profit growth.

Debt, liquidity and capital commitments

As of: 2026-06-30 / 2026-08-12

At 30 June 2026 total bank borrowings were AED 456.501 million, comprising AED 365.798 million classified as current and AED 90.703 million non-current; the current amount already includes current maturities of term loans. Cash was AED 101.841 million, total assets AED 2,186.198 million and equity AED 1,464.558 million. Undrawn credit facilities were reported at AED 317 million. They are financing availability, not cash on hand. The notes report covenant compliance and describe secured facilities, including pledges over power-related assets. Capital commitments of AED 88.626 million add future funding demands. The sizeable current borrowing component makes refinancing terms and working-capital collection material monitoring points.

Operating and financial risks

As of: 2026-06-30 / 2026-08-12

Management reported no material adverse first-half impact from regional geopolitical developments, citing predominantly domestic sales and approximately four months of coal, petroleum coke and slag inventory for cement production. This is not a statement that every unit was unaffected: paper and rope divisions experienced delays in imported paper and yarn. Higher fuel, freight, logistics and insurance costs were identified as potential future pressures. Other relevant exposures are construction cyclicality, receivable collection, interest rates and investment-market valuations. Inventory buffers protect continuity temporarily but also tie up capital; they do not remove supply-chain risk.

Strategy and useful operating indicators

As of: 2026-06-30 / 2026-08-12 / 2025-12-31

The concrete launch and the combination of cement, mortar and packaging show expansion across related construction and industrial demand. The investment portfolio provides another earnings stream but adds valuation exposure rather than industrial capacity. Practical indicators to follow are concrete utilisation after its commercial launch, production and sales volumes by unit, realised prices, fuel cost, domestic versus export sales and collection periods. The cited documents do not establish a complete comparable series for all these indicators. Stated plant capacity must not be substituted for output, and capital commitments are not a guaranteed forecast of incremental earnings.

Official public contacts

As of: 2026-08-31

Corporate website: https://sharjahcements.com/. Head office: Al Hisn Tower, 14th floor, Bank Street (Borj Avenue), P.O. Box 2083, Sharjah, UAE. Main telephone: +971 6 569 5666. The website explicitly announces the corporate email scidcho@sharjahcementfactory.ae; this current public address is used instead of an older address printed in historic reports. Financial statements and management reports are available through the website’s Investor Relations section. These are corporate channels, not private employee contacts.

Sources and limits

As of: 2025-12-31 / 2026-03-05 / 2026-06-30 / 2026-08-12

This profile uses the 2025 annual financial statements and integrated report, the first-half 2026 financial statements approved on 12 August 2026, and the corporate website. Annual audit and interim limited review provide different levels of assurance. Ownership and equipment-capacity disclosures retain their original dates; they are not independently refreshed operating measurements. The text is original editorial synthesis with links to official sources, not a republication of source PDFs or a complete independent financial audit. Existing dated reviews on the company page remain distinct from this profile. Nothing here is a recommendation to buy or sell the share.

Sources

1. A · Source A · 2025-12-31 / 2026-03-05
2. H · Source H · 2026-06-30 / 2026-08-12
3. I · Source I · 2025-12-31
4. M · Source M · 2026-06-30
5. W · Source W · 2026-08-31