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Finance & Investment

Qassim Cement acquires Hail Cement, increases capital to SR 1.105 billion

Reading time: < 1 Minuteوافقت كل من الجمعية العامة غير العادية لشركتي أسمنت القصيم وأسمنت حائل في اجتماعهما أمس، على عملية الاستحواذ. وقالت الشركتان في بيانين منفصلين على تداول، ... Read more

Hail Cement will be delisted and Qassim Cement will issue 20.56 million shares to its shareholders.

06/12/2024

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Qassim Cement acquires Hail Cement, increases capital to SR 1.105 billion

Hail Cement will be delisted and Qassim Cement will issue 20.56 million shares to its shareholders.

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Qassim Cement signs binding agreement to acquire Hail Cement

Agreement to make a takeover offer by issuing new shares, Qassim shareholders 81.4% and Hail shareholders 18.6%.

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According to a recent report CEOs: Expect growth through M&A and digital investment

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