City Cement to acquire Umm Al Qura Cement via share swap

City Cement Co (CCC) has reached an agreement to acquire the entire stake of Umm Al Qura Cement Co by increasing capital through the issue of new shares. The deal was announced on 2 January 2025.

“CCC said it had in October announced a share-swap agreement with Umm Al Qura Cement Co, under which it would be acquiring all the company shares in exchange for newly-issued shares in CCC.”cemnet.com

• 1 source
• cemnet.comCity Cement to acquire Umm Al Qura Cement Co by increasing its share ownershipICR NewsroomJan 2, 2025

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