QCC Latest Developments on Share Purchase Agreement to Acquire 100 percent of A-Mix Co: GAC Issues No-Objection
| Element List | Explanation |
|---|---|
| Introduction | With reference to Qassim Cement Company’s (the "Company") announcement published on the Saudi Exchange website on 09/09/2026 regarding the signing of a Share Sale and Purchase Agreement to acquire 100% of A-Mix Company’s shares, and the addendum announcement published on 14/09/2026 regarding the transaction, the Company announces the issuance of the General Authority for Competition’s no-objection to the completion of the economic concentration resulting from the transaction. |
| Previous Announcement | Addendum announcement regarding the signing of a Share Sale and Purchase Agreement to acquire 100% of A-Mix Company’s shares. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-09-14 Corresponding to 1448-04-03 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Issuance of the non-objection of the General Authority for Competition on the completion of economic concentration resulting from the Transaction on 25/04/1448H (corresponding to 06/10/2026G). |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no change to the transaction consideration previously announced. |
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Qassim Cement Company is a Saudi Joint Stock company, established in accordance with the Royal Decree No. M/62 on 15 Shaban, 1396H. (August 11, 1976) and registered in Buraydah City under commercial registration number 1131001224 on 28 Shaban, 1398 (August 2, 1978). On 4 of Dhu al-Hijjah 1445 AH (June 10, 2024), Qassim Cement Company announced the completion of the acquisition of Hail Cement Company (HCC) by increasing its capital through the issuance of new shares to Hail Cement Company shareholders.
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Qassim Cement Co.| Building No: 4266 | Unit Number: 1 | Buraidah: 52271 - 6735 | Kingdom of Saudi Arabia
Phone : (+966) 16 316-5555
Fax : (+966) 16 381-6041
Email : qcc@qcc.com.sa
