Yanbu Cement, Southern Cement scrap potential merger talks

Logos of  Southern Province Cement Co. and Yanbu Cement Co.

Yanbu Cement Co. and Southern Province Cement Co. failed to reach a final agreement on their potential merger, given the expiry of the non-binding memorandum of understanding (MoU) they previously signed in this regard.

 

In June 2024, Yanbu Cement and Southern Cement signed the non-binding MoU to evaluate the feasibility of merging the two companies, data compiled with Argaam showed.

 

For more news and details on M&As

 

Last June, the two sides agreed to extend the MoU for an additional three months, in order to consider a potential share swap and to carry out the due diligence process.

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