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- Southern Province, Yanbu Cement extend key merger talks
- Burgan Bank appoints Al-Roomi as Deputy General Manager
- NBK 'first bank to launch automated safe deposit boxes' for customers
- Zain Omantel International takes home four major industry awards
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- UAE FinTech market likely to grow from $3.16 billion in 2024 to $5.71 billion by 2029
- Al Mal Capital REIT announces follow-on public offering
- Saudi Arabia's Non-Oil Industrial Sector Grows 5.3% in 2024
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
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
12/11/2013
The Southern Province Cement Company (SPCC) has signed a deal with a Chinese company for the construction of a second production line at Bisha Cement plant, local media said.
The deal, wort
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 50.60 | 2.05 (4.22 |
| SABIC | 54.80 | -0.10 (-0.19 |
| SABICAGRINUTRIENTS | 104.20 | -5.00 (-4.58 |
| LIMEINDUSTRIES | 12.56 | -0.44 (-3.39 |
| APICO | 39.80 | -0.05 (-0.13 |
25/06/2025
Burgan Bank announced the appointment of Mohammed Al-Roomi as Deputy General Manager of Information and Cyber Security Management. This strategic appointment reflects the Bank's unwavering dedication
Kuwait Times
25/06/2025
In line with its commitment to enriching its customers' banking experience and providing the best innovative digital services that meet their needs, the National Bank of Kuwait announced the launch o
Kuwait Times
25/06/2025
Zain Omantel International (ZOI), the joint venture between Zain Group and Omantel, has earned four prestigious international awards - underscoring its position as a connectivity powerhouse in the re
Kuwait Times
25/06/2025
Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market (DFM), on Tuesday announced a follow-on public offering (FPO) on its closed ended Real Estate Investment Trust (REIT).
Khaleej Times
24/06/2025
Integrating digital technologies is set to increase Saudi Arabia's industrial productivity by 15 to 25 percent, according to Aramco President and CEO Amin Nasser.
Speaking during the Saudi
Arab News
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