Qatar National Cement Company (QNCC) has signed a $100 milllion financing deal with Saudi Arabia's Samba Financial Group, said a report.

The facility will go towards financing the construction of the company’s fifth cement plant, added the Peninsula Qatar report.
 
In 2014, the company signed the letter of intent with Fives FCB, France, for the construction of the fifth production line with a capacity of 5,000 tonnes per day (tpd) of clinker. The estimated cost was QR950 million ($260 million).

The fifth production line is expected to become operational within the next 27 months, taking the company's total clinker production capacity to 17,000 tpd and the grinding capacity to 20,000 tpd of cement.