City Cement signs deal to acquire Umm Al-Qura Cement via share swap

City Cement signed a share-swap agreement to acquire all shares of Umm Al-Qura Cement, with a swap ratio of 1.11 new CCC shares for each UACC share.

“City Cement Co. (CCC) announced signing, on Oct. 24, a share-swap agreement, under which the latter will offer to acquire all UACC shares in exchange for newly-issued shares in CCC.”argaam.com

• 2 sources
• argaam.comCity Cement signs deal to acquire Umm Al-Qura Cement via share swapOct 27, 2024
• enterpriseam.comCity Cement to acquire Umm Al-Qura Cement in SAR 1.1 bn share swapOct 28, 2024

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