City Cement to acquire Umm Al-Qura Cement in share-swap deal

City Cement Co. issued a firm intention to acquire full ownership of Umm Al-Qura Cement Co. through a share-swap deal, with a swap ratio of 1.11 City Cement shares per 1 Umm Al-Qura share. The resulting entity will be City Cement Co.

“City Cement Co. (CCC) confirmed plans to fully acquire Umm Al-Qura Cement Co. (UACC), according to a Tadawul statement today, Feb. 25.”argaam.com

• 4 sources
• argaam.comCity Cement confirms plans to acquire Umm Al-Qura CementFeb 25, 2025
• argaam.comUmm Al-Qura Cement says supporting City Cement in takeover dealArgaamPlusFeb 25, 2025
• saudiweek.com‎City Cement confirms plans to acquire Umm Al Qura Cement - Saudiweek.Feb 25, 2025
• saudiweek.com‎UACC supports CCC in takeover deal - Saudiweek.Feb 25, 2025

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