Established in 1984, Hilal Cement Company is one of the major trader of bulk cement in Kuwait. Equipped with a 70,000-tonne capacity floating terminal, a 40,000-tonne capacity land terminal shed and a bagging plant capable of producing 2,000 bags per hour, Hilal makes about 500- 700 thousand tonnes of cement each year. Its floating terminal – Barge “Hilalcement I” – is capable of unloading a PANAMAX Vessel with 47,000 tonnes of bulk cement cargo within six days.
Hilal joined the Italcementi Group after its subsidiary – Suez Cement Group of Companies – purchased 51% of Hilal’s shares in 2007. Hilal then acquired 51% of three ready mix cement producers in 2008, increasing its Kuwaiti ready mix market share to 10%.
In 2016, Italcementi Group was acquired by Heidelberg Cement Group, as a result, Hilal became the part of Heidelberg Cement Group of companies.
In January 2021, Suez Cement sold its 51% of its shares to Sliver Share Real Estate Company, which is part of Boodai Group of Companies, as a result Boodai Group became holder of 94% shares of Hilal Cement Company.