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News Qassim Cement completes acquisition of Hail Cement for US$378m

Qassim Cement completes acquisition of Hail Cement for US$378m

Written by Global Cement staff 19 June 2024
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Saudi Arabia: Qassim Cement Company (QCC) has successfully completed the acquisition of Hail Cement Company (HCC) for US$378m. The transaction, initially announced on 25 September 2022, involved increasing QCC's capital to facilitate the acquisition of all HCC shares. The acquisition follows a binding implementation agreement reported by HCC on the Saudi Exchange.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Qassim
  • Acquisition
  • Hail Cement
  • GCW664
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