Logos of Al-Madina Cement and Umm Al-Qura Cement companies
Company announced City cementOn the expiration of the period specified for fulfilling the conditions of the implementation agreement with the company Umm Al-Qura Cement On the date of October 24, 2025, without fulfilling the conditions and completing the procedures stipulated in the implementation agreement, which are essential and necessary to complete the deal, and without reaching an agreement regarding extending the duration of the implementation agreement.
The company said in a statement today on Tadawul that it is considering all options to enhance the interests of its shareholders, including the right to resubmit the acquisition offer for the shares of the Village Cement Company, if appropriate conditions exist, and in accordance with what the company’s interest requires, without this constituting a commitment or pledge to conclude any new agreement currently, stressing that it will announce any fundamental developments in this regard in due course.
For its part, Umm Al-Qura Cement Company announced the expiration of the term of the implementation agreement concluded with Al-Madina Cement Company, without extension by both parties, due to failure to fulfill the preconditions stipulated in the implementation agreement and the failure of the two parties to agree to be exempt from any of them before the end of one year from the conclusion of the implementation agreement.
The company said in a separate statement on Tadawul that the expiration of the agreement does not entail any additional financial or regulatory obligations for it, and that it will continue to focus on its operational and investment plans, in accordance with its approved strategy, and will announce any relevant future developments if they exist.
According to data numbersLast February, Al Madina Cement announced its confirmed intention to submit an offer to acquire all shares of Umm Al Qura Cement Company through submitting a securities exchange offer.
Last July, the Capital Market Authority refused to publish the Medina Cement Company’s offer document submitted to the shareholders of Umm Al-Qura Cement Company due to a violation of the system and its executive regulations related to governance requirements that require the restoration of some regulatory requirements.
