| Element List | Explanation |
|---|---|
| Previous Announcement | City Cement Co. Announces an update on its firm intention to make an offer to acquire all shares of Umm Al Qura Cement Company through a securities exchange offer. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-26 Corresponding to 1447-05-04 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | City Cement Company (“the Company”) announces that it has completed its study regarding the potential acquisition of Umm Al-Qura Cement Company. In light of the Company’s current priorities and the investment opportunities available within its operating activities, development initiatives, and subsidiaries, the Company has decided not to proceed with the acquisition and to focus on other investment paths that are more closely aligned with its strategic plans and future objectives. The Company confirms that it continues to evaluate investment opportunities in accordance with criteria that ensure the optimal creation of value for its shareholders. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no financial impact resulting from this development. |
| Additional Information | The company confirms its full commitment to the disclosure requirements in accordance with the relevant laws and regulations, and will announce any material developments related to the company's business in a timely manner. For inquiries, you can contact the Investor Relations Department via: phone: 0115284107 e-mail: Investors@citycement.sa |