# 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.

- Type: Acquisition
- Announced: 2024-10-24
- Where: Saudi Arabia
- Value: $293.0M (1.10B SAR)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [City Cement](https://endata.com/companies/80699.md) (acquirer)
- [Umm Al-Qura Cement](https://endata.com/companies/80700.md) (target)

## Sources

- [argaam.com](https://www.argaam.com/en/article/articledetail/id/1763626), 2024-10-27: "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."
- [enterpriseam.com](https://enterpriseam.com/ksa/2024/10/28/city-cement-to-acquire-umm-al-qura-cement-in-sar-1-1-bn-share-swap/), 2024-10-28: "City Cement (CCC) inked an acquisition implementation agreement to acquire 100% of Umm Al-Qura Cement (UACC) via a share swap."

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