Arabian Cement Subsidiary Revises Jordan Share Swap Deal Structure
ACC 3010.SA | 0.00 |
On July 22, 2026, Arabian Cement Company released an update regarding a restructured shares swap agreement involving its subsidiary, Arabian Cement Bahrain Holding Company, following the initial announcement on December 29, 2025. The revised deal structure consists of three components: (a) the sale of 7,300,000 shares in Ready Mix Concrete and Construction Supplies Company (Jordan) to Al Hejaz Company for Cement, LLC at JOD 1.3 per share for a total of JOD 9.5 million (approximately SAR 50.3 million); (b) the acquisition of 6,245,246 shares in Qatrana Cement Company from Ready Mix Concrete and Construction Supplies Company at JOD 1 per share for a total of JOD 6.2 million (approximately SAR 33.1 million); and (c) a share swap of the remaining 1,851,666 shares in Ready Mix Concrete and Construction Supplies Company with Al Rawsha Company for Trading and Investment, in exchange for Al Rawsha's 2,272,727 shares in Qatrana Cement Company. The company confirmed that the final expected financial outcome of the restructured deal remains consistent with what was previously declared, with the full financial impact to be announced upon transaction completion.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96937&anCat=1&cs=3010&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
