# Najran Cement signs MoU to buy 20-25% stake in building materials subsidiary

Najran Cement Co of Saudi Arabia signed a non-binding MoU with Ayan for Commerce & Industry to study purchasing a 20-25% minority stake in a subsidiary company in the building materials industry. The MoU was signed on 18 October 2023 and is valid until 31 December 2023.

- Type: Acquisition
- Announced: 2023-10-18
- Where: Saudi Arabia
- Status: announced
- Products: building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Najran Cement Co](https://endata.com/companies/73225.md) (acquirer)
- [Ayan for Commerce & Industry](https://endata.com/companies/73226.md) (partner)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/175768/najran-cement-to-buy-20-25-per-cent-stake-in-the-building-materials-industry.html), 2023-10-24: "Najran Cement Co of Saudi Arabia announced the signing of a non-binding memorandum of understanding (MoU) with Ayan for Commerce & Industry"

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