Qassim Cement signs MOU to acquire Hail Cement

Qassim Cement Company has entered into a non-binding memorandum of understanding with Hail Cement Company to acquire all issued shares of Hail Cement through a share exchange. The proposed transaction values each Hail Cement share at SAR 14.5.

“Qassim Cement Company announces that it entered into a non-binding memorandum of understanding with Hail Cement Company pursuant to which the two companies agreed to commence discussions in relation to a securities exchange transaction.”qcc.com.sa

• 2 sources
• qcc.com.saQCC - Qassim Cement Co. Announces the Execution of Memorandum of Understanding with Hail Cement Company Acquiring Acquisition of all issued shares in Hail Cement CompanyAhmad Jaber, Developer at OpenTech www.opentech.meSep 25, 2022
• arabnews.comArab News | Qassim signs MoU to acquire Hail Cement as Saudi megaprojects set to drive demandArab NewsSep 25, 2022

Summarized from public sources; check the original articles before acting on it.