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Saudi Arabia's Qassim Cement to acquire Hail Cement
2022-09-27

Sep. 26, 2022 - Saudi Arabia's Qassim Cement has concluded a non-binding memorandum of understanding (MoU) with Hail Cement for acquisition of the latter’s issued shares.

After any acquisition takes place, Qassim Cement plans to issue US$377m-worth of share capital in favour of Hail Cement’s existing shareholders.

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Saudi Arabia's Qassim Cement to acquire Hail Cement 2022-09-27

Saudi Arabia's Qassim Cement to acquire Hail Cement
2022-09-27