BRIEF-Arabian Cement Updates On Subsidiary Shares Swap Agreement

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3010.SA

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July 22 (Reuters) - ARABIAN CEMENT 3010.SE:

  • ANNOUNCES UPDATES ON SUBSIDIARY SHARES SWAP AGREEMENT

  • ARABIAN CEMENT BAHRAIN HOLDING WILL SELL PART OF ITS STAKE IN READY MIX CONCRETE AND CONSTRUCTION SUPPLIES

  • TOTAL DEAL VALUE JOD 9.5 MILLION

  • ARABIAN CEMENT BAHRAIN HOLDING WILL BUY STAKE OF READY MIX CONCRETE AND CONSTRUCTION SUPPLIES IN QATRANA CEMENT

  • TOTAL DEAL VALUE JOD 6.2 MILLION

  • ARABIAN CEMENT BAHRAIN HOLDING TO SWAP 1.85 MILLION READY MIX SHARES FOR 2.27 MILLION QATRANA CEMENT SHARES WITH AL RAWSHA

  • FINAL FINANCIAL IMPACT WILL BE ANNOUNCED UPON COMPLETION OF TRANSACTION

Source text: ID:nSSE4MnFwy

Further company coverage: 3010.SE


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