| Element List | Explanation |
|---|---|
| Introduction | Further to Arabian Cement Company’s announcement published on Tadawul website dated 09-07-1447H corresponding to 29-12-2025 regarding signing shares swap agreement by its subsidiary, the company would like to declare the following changes in the deal structure: a) “Arabian Cement Bahrain Holding Company” will sell part of its shareholding interest in “Ready Mix Concrete and Construction Supplies Company” in the Hashemite Kingdom of Jordan amounting to 7,300,000 shares to “Al Hejaz Company for Cement, LLC” (Sister company of Ready Mix Concrete and Construction Supplies Company) at share price of JOD 1.3 and total value JOD 9.5 million (Approximately SAR 50.3 million). b) “Arabian Cement Bahrain Holding Company” will buy the shareholding interest of “Ready Mix Concrete and Construction Supplies Company” in “Qatrana Cement Company” in the Hashemite Kingdom of Jordan amounting to 6,245,246 shares at share price of JOD 1 and total value JOD 6.2 million (Approximately SAR 33.1 million). c) “Arabian Cement Bahrain Holding Company” will execute share swap transaction for the remaining balance of its shareholding interest in “Ready Mix Concrete and Construction Supplies Company” amounting to 1,851,666 shares with “Al Rawsha company for trading and investment”, in exchange for “Al Rawsha company for trading and investment” shareholding interest in "Qatrana Cement Company” amounting to 2,272,727 shares. |
| Previous Announcement | Arabian cement company announces signing shares swap agreement by its subsidiary |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-12-29 Corresponding to 1447-07-09 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The final financial impact will be announced upon the completion of the transaction, and the company would like to confirm that the final expected outcome of the above deal structure will match what was previously declared. |
| 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. | Not Applicable |
| Delay consequences on the Company’s financial results | Not Applicable |
| Additional Information | Not Applicable |
Announcement by Arabian Cement Company regarding the latest updates related to signing shares swap agreement by its subsidiary
AI Summary
- Arabian Cement’s subsidiary, Arabian Cement Bahrain Holding Company, is selling 7,300,000 shares in Ready Mix Concrete and Construction Supplies Company to Al Hejaz Company for JOD 9.5 million (approximately SAR 50.3 million).
- The subsidiary will acquire 6,245,246 shares in Qatrana Cement Company from Ready Mix Concrete and Construction Supplies Company for a total value of JOD 6.2 million (approximately SAR 33.1 million).
- A share swap will be executed for the subsidiary's remaining 1,851,666 shares in Ready Mix Concrete and Construction Supplies Company in exchange for 2,272,727 shares in Qatrana Cement Company held by Al Rawsha Company.
- The final financial impact will be announced upon transaction completion, though the expected outcome remains consistent with previous declarations.
