Arabian Cement subsidiary inks share swap deal for Jordanian equity

Arabian Cement Co said the deal aims at restructuring the company's ownership in international investments

Arabian Cement Co.’s subsidiary, Arabian Cement Bahrain Holding Co., entered into a share swap agreement to restructure its Jordanian assets.

In a Tadawul filing today, Dec. 29, Arabian Cement said that under the deal, Jordan-based Ready Mix Concrete & Construction Supplies Co. (RMCC) and Al-Rawsha for Investment & Trade Co. will waive their combined 9.4% stake in Qatrana Cement Co. in favor of Arabian Cement Bahrain.

In exchange, Arabian Cement Bahrain will divest its entire 36.67% investment stake in RMCC to RMCC and Al-Rawsha. It will also receive a cash consideration of SAR 17 million (JOD 3.233 million).

This transaction, pending regulatory approval in Jordan, will raise the subsidiary's total ownership in Qatrana Cement to 96.14%, from 86.74% at present.

Based on the consolidated income statements for Q3 2025, the book value of the divested RMCC stake is valued at SAR 41.1 million, while the acquired Qatrana Cement stake amounted to SAR 67.5 million.

Arabian Cement confirmed the move is part of a broader strategy to restructure its overseas holdings.

The final financial impact will be announced upon the transaction completion, it emphasized, noting that RMCC and Al-Rawsha are related parties to the deal.