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25/09/2025 03:53 AST
Saudi Arabia's Southern Province Cement Company has announced in a filing to the Saudi Stock Exchange that its memorandum of understanding (MoU) with Yanbu Cement Company, aimed at evaluating the feasibility of a potential merger, has expired without the two sides reaching a final agreement.
In a separate filing, Yanbu Cement Company also said the MoU has expired without an agreement on the proposed merger.
The MoU was originally signed in June 2024 and later extended in June 2025 for an additional three months, with the extension running until September 22, 2025, Southern Province Cement Company said in a statement to the Saudi Stock Exchange.
Southern Province Cement expressed appreciation to Yanbu Cement's board of directors and employees for their cooperation during the discussions, while Yanbu Cement thanked the Southern Province Cement officials.
Yanbu Cement Company is one of Saudi Arabia's major cement producers. Its annual clinker capacity is around 7 million tons, and it has a cement packing capacity of about 30 million tons.
Southern Province Cement Company operates multiple plants in the southern and western regions of Saudi Arabia (in Jizan, Bisha, Tehama, etc.), covering regional demand with its clinker and cement production.
Trade Arabia
| Ticker | Price | Volume |
|---|
02/10/2025
Boursa Kuwait announced the launch of the second edition of "The Bell" initiative to promote financial literacy throughout October 2025, continuing its efforts to raise financial awareness across all
Kuwait Times
02/10/2025
Saudi Arabia's Tadawul All Share Index rose on Wednesday, gaining 26.39 points, or 0.23 percent, to close at 11,529.36.
The total trading turnover of the benchmark index was SR5.99 billion
Arab News
01/10/2025
Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain, has appointed Al Ramz Corporation, a leading regional financial services group, as its financial advisor to support
Trade Arabia
30/09/2025
Bahrain All Share Index has closed at 1,951.67 points, marking an increase of 1.86 points above the previous closing.
This increase was due to a rise in the financial sector.
Bahrai
BNA
30/09/2025
The Capital Market Authority (CMA) announced on Monday compensation worth SR1.196 billion for more than 17,000 investors affected by violations related to the shares of Dar Alarkan Real Estate Develo
Saudi Gazette
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia