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Qassim Cement Company (QCC) has completed the acquisition of Hail Cement Company (HCC) for US$378m. The transaction was initially announced on 25 September 2022.
Qassim Cement Company has entered into a non-binding memorandum of understanding with Hail Cement Company to acquire all issued shares of Hail Cement through a share exchange. The proposed transaction values each Hail Cement share at SAR 14.5.