| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement published by Yanbu Cement Company on the Saudi Exchange’s website regarding the signing of a non-binding memorandum of understanding with Southern Province Cement Company on 17-12-1445 corresponding to 23-06-2024 for the purpose of evaluating the feasibility of a merger between the two companies, and regarding the Company’s subsequent announcement on 27-12-1446 corresponding to 23-06-2025 regarding the extension of the MOU for three additional months, ending on 30-03-1447 corresponding to 22-09-2025 The Company would like to announce that the MOU has expired without reaching a final agreement between the two parties. The Company extends its sincere thanks to the board of directors and employees of Southern Province Cement Company for their cooperation throughout the duration of the MOU. |
| Previous Announcement | Yanbu Cement Company announces the latest developments regarding the extension of the non-binding memorandum of understanding with Southern Province Cement Company. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-06-23 Corresponding to 1446-12-27 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The MOU expires without reaching a final agreement between the two parties. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There are no additional costs associated with the Memorandum of Understanding expiry. |
| Delay consequences on the Company’s financial results | Not Applicable |