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25/06/2025 04:00 AST
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ago signed the merger agreement which expired on June 22. Following this, the two have signed an agreement for extension to the MOU by an additional three months, said Southern Province Cement Company in its filing to Saudi bourse Tadawul.
The duo has until September 22 to reach a decision on the merger.
The potential transaction is under consideration and no binding agreement has been reached to date or regarding the structure, stated Southern Province Cement Company.
Even if the duo reach a deal on the merger by September 22, the potential transaction will remain subject to the approvals of the Capital Market Authority and the Saudi Exchange.
Also the duo will have to secure the requisite approvals of the shareholders of both companies.
Trade Arabia
04/01/2026
Southern Province Cement Company has announced that steady progress is being made on its new cement plant in the Saudi city of Jazan with work on most phases of the clinker production line already co
Trade Arabia
03/04/2014
Saudi Arabia's Southern Province Cement Company (SPCC) and the National Commercial Bank (NCB) have entered into an SAR700 million financing agreement, lasting for a period of five years. The agreemen
World Cement
14/01/2014
Net profit of Southern Province Cement Company (SOCCO) during the 4th Q 2013 amounted to SAR 254 million; the company recorded the same amount of profit in the same quarter of last year.
Gro
Gulfbase.com
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
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Over three days at the Kuwait Oil & Gas Show and Conference (KOGS 2026), National Bank of Kuwait took part in dynamic networking activities, expert-led discussions, and targeted knowledge-sharing eng
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Financial Information Co.
Saudi Arabia