| Element List | Explanation |
|---|---|
| Previous Announcement | City Cement Co. Announces an update on its firm intention to make an offer to acquire all shares of Umm Al Qura Cement Company through a securities exchange offer. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-26 Corresponding to 1447-05-04 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | City Cement Company (“the Company”) announces that it has completed its study regarding the potential acquisition of Umm Al-Qura Cement Company. In light of the Company’s current priorities and the investment opportunities available within its operating activities, development initiatives, and subsidiaries, the Company has decided not to proceed with the acquisition and to focus on other investment paths that are more closely aligned with its strategic plans and future objectives. |
The Company confirms that it continues to evaluate investment opportunities in accordance with criteria that ensure the optimal creation of value for its shareholders.
phone: 0115284107
e-mail: Investors@citycement.sa
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.