K&A advised Qassim Cement Company (QCC) on the signing of a share swap transaction that sees QCC acquiring all of Hail Cement Company’s (HCC), outstanding shares, with the deal being valued at approximately SAR 1.3 billion.
QCC, founded in 1976, has a market cap of about SAR 5.7 billion and is considered a leading company in the cement sector. Both companies produce cement from their facilities in Qassim and Hail, respectively, and sell it throughout the Kingdom. The deal remains subject to regulatory and shareholders approvals and the issuance of relevant public documentation.
