This comes in accordance with the provisions of Article (26) of the Merger and Acquisition Regulations, and in accordance with the rules of offering securities and continuing obligations issued by Tadawul. The two companies explained in separate statements on Tadawul that this comes in accordance with the provisions of Article (26) of the Merger and Acquisition Regulations, and in accordance with the rules of securities offering and continuing commitments issued by the Capital Market Authority Board, as well as a number of terms and conditions stipulated in the implementation agreement.
Qassim Cement said in separate statements on Tadawul. Qassim Cement noted that its market value as of December 21, 2023 (the last trading day preceding the date of publication of this announcement) amounted to 5.69 billion riyals.
Qassim Cement noted that its market value as of December 21, 2023 <The two companies indicated that after the completion of the transaction, the current shareholders of Qassim Cement will own 81.4% of Qassim Cement's capital after increasing its capital as a result of the transaction, and the shareholders of Hail Cement will own 18.After obtaining the necessary regulatory approvals, Qassim Cement will publish a circular to its shareholders containing all the details related to the capital increase and the related risks, and Hail Cement will publish the board of directors' circular to its shareholders.
Hail Cement's shareholders will also publish the board of directors' circular to its shareholders.
