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News Qassim Cement to acquire Hail Cement

Qassim Cement to acquire Hail Cement

Written by Global Cement staff 26 September 2022
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Saudi Arabia: 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.

Last modified on 28 September 2022
Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Qassim
  • Hail Cement
  • Acquisition
  • shareholders
  • Memorandum of Understanding
  • GCW576
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