AI assistant
Yanbu Cement Co. — M&A Activity 2025
Sep 22, 2025
53350_rns_2025-09-22_5b2cd891-f8a6-47f3-9b0e-22da37130f83.html
M&A Activity
Open in viewerOpens in your device viewer
Yanbu Cement Company Announces the Latest Developments Regarding the Non-Binding Memorandum of Understanding Signed with Southern Province Cement Company
3060 · 22/09/2025 16:14:16 · Announcement #90317 · View on Saudi Exchange
Yanbu Cement Company Announces the Latest Developments Regarding the Non-Binding Memorandum of Understanding Signed with Southern Province Cement Company
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement published by Yanbu Cement Company on the Saudi Exchange’s website regarding the signing of a non-binding memorandum of understanding with Southern Province Cement Company on 17-12-1445 corresponding to 23-06-2024 for the purpose of evaluating the feasibility of a merger between the two companies, and regarding the Company’s subsequent announcement on 27-12-1446 corresponding to 23-06-2025 regarding the extension of the MOU for three additional months, ending on 30-03-1447 corresponding to 22-09-2025 |
The Company would like to announce that the MOU has expired without reaching a final agreement between the two parties.
The Company extends its sincere thanks to the board of directors and employees of Southern Province Cement Company for their cooperation throughout the duration of the MOU. Previous Announcement Yanbu Cement Company announces the latest developments regarding the extension of the non-binding memorandum of understanding with Southern Province Cement Company. Date of Previous Announcement on Saudi Exchange’s Website 2025-06-23 Corresponding to 1446-12-27 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event The MOU expires without reaching a final agreement between the two parties. Reasons For The Delay on The Date of The Event Previously Announced Not Applicable The costs associated with the event, and if they have changed or not with indication of the reasons. There are no additional costs associated with the Memorandum of Understanding expiry. Delay consequences on the Company’s financial results Not Applicable
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.