Umm Al-Qura Cement Company announced on October 26, 2025, that its implementation agreement with City Cement Company has expired on October 24, 2025, without renewal or extension. The agreement, originally signed on October 27, 2024, involved CCC's offer to acquire all UACC shares in exchange for newly issued CCC shares. The expiration occurred due to unfulfilled conditions precedent and the parties' decision not to waive these conditions. UACC confirmed that the agreement's expiry does not result in any additional financial or regulatory obligations and the company will continue focusing on its operational and investment plans.

Original announcement:

Important 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.