# 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.

- Type: Acquisition
- Announced: 2022-09-25
- Where: Saudi Arabia
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Qassim Cement Company](https://endata.com/companies/16217.md) (acquirer)
- [Hail Cement Company](https://endata.com/companies/65525.md) (target)

## Sources

- [qcc.com.sa](https://qcc.com.sa/news/121/en/Qassim-Cement-Co.-Announces-the-Execution-of-Memorandum-of-Understanding-with-Hail-Cement-Company-Acquiring-Acquisition-of-all-issued-shares-in-Hail-Cement-Company/), 2022-09-25: "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."
- [arabnews.com](https://www.arabnews.com/business/qassim-signs-mou-to-acquire-hail-cement-as-saudi-megaprojects-set-to-drive-demand-2169096), 2022-09-25: "Qassim Cement Co. has signed a non-binding memorandum of understanding with Hail Cement Co. regarding a securities exchange transaction, in which the former will acquire all of Hail’s issued shares."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.