{"id":7287,"date":"2024-04-04T09:00:56","date_gmt":"2024-04-04T06:00:56","guid":{"rendered":"https:\/\/uacc.com.sa\/?p=7287"},"modified":"2026-08-12T13:25:04","modified_gmt":"2026-08-12T10:25:04","slug":"umm-al-qura-cement-co-announces-an-update-on-the-execution-of-memorandum-of-understanding-with-city-cement-co-acquiring-all-the-issued-shares-in-umm-al-qura-3","status":"publish","type":"post","link":"https:\/\/uacc.com.sa\/en\/2024\/04\/04\/umm-al-qura-cement-co-announces-an-update-on-the-execution-of-memorandum-of-understanding-with-city-cement-co-acquiring-all-the-issued-shares-in-umm-al-qura-3\/","title":{"rendered":"Umm Al-Qura Cement Co. Announces an update on the Execution of Memorandum of Understanding with City Cement Co. Acquiring all the issued shares in Umm Al-Qura."},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n
Element List<\/th>\nExplanation<\/th>\n<\/tr>\n<\/thead>\n
Introduction<\/td>\nFurther to the announcement of Umm Al-Qura Cement Company (the \u201cCompany\u201d) that was published on the Tadawul website on 12\/04\/1444 AH (corresponding to 06\/11\/2022 AD) regarding the signing of a non-binding Memorandum of Understanding on 09\/04\/1444 AH (corresponding to 03\/11\/2022 AD) and the announcement of an update regarding the extension of the non-binding memorandum of understanding on 07\/04\/1445 AH (corresponding to 22\/10\/2023 AD) in connection with a securities exchange deal with City Cement Company. and whereas the term of the Memorandum of Understanding is six (6) months from the date of expiration of extension. Accordingly, the Company would like to announce that it has been agreed with City Cement Company on 24\/09\/1445 AH (corresponding to 03\/04\/2024 AD) to extend this memorandum with the same previous terms and conditions for another additional six (6) months from the date of expiration of the extension of the memorandum of understanding, in order to complete the necessary procedures in this regard, and to carry out financial, legal, commercial, and technical evaluations and studies.<\/td>\n<\/tr>\n
Previous Announcement<\/td>\nUmm Al-Qura Cement Co. Announces an update on the Execution of Memorandum of Understanding with City Cement Co. Acquiring all the issued shares in Umm Al-Qura.<\/td>\n<\/tr>\n
Date of Previous Announcement on Saudi Exchange\u2019s Website<\/td>\n2023-10-22 Corresponding to 1445-04-07<\/td>\n<\/tr>\n
Hyperlink to the Previous Announcement on the Saudi Exchange Website<\/td>\nClick Here<\/a><\/td>\n<\/tr>\n
Latest Developments Of The Announced Event<\/td>\nAny other substantial update will be announced in due time.<\/td>\n<\/tr>\n
Reasons For The Delay on The Date of The Event Previously Announced<\/td>\nThe Company agreed with City Cement Company to extend the non-binding Memorandum of Understanding signed on 09\/04\/1444 AH (corresponding to 03\/11\/2022 AD), and an addendum to extend the memorandum of understanding signed on 04\/04\/1445 AH (corresponding to 19\/10\/2023 AD), in connection with a securities exchange deal for another additional period of (6) six months from the date of expiration of extension of the memorandum of understanding, The extension is due to complete the necessary procedures and studies in this regard and to carry out financial, legal, commercial and technical evaluations.<\/td>\n<\/tr>\n
The costs associated with the event, and if they have changed or not with indication of the reasons.<\/td>\nThere is no change in costs associated with the event.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Element List Explanation Introduction Further to the announcement of Umm Al-Qura Cement Company (the \u201cCompany\u201d) that was published on the Tadawul website on 12\/04\/1444 AH (corresponding to 06\/11\/2022 AD) regarding the signing of a non-binding Memorandum of Understanding on 09\/04\/1444 AH (corresponding to 03\/11\/2022 AD) and the announcement of an update regarding the extension of […]<\/p>\n","protected":false},"author":3,"featured_media":5118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-7287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/comments?post=7287"}],"version-history":[{"count":1,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7287\/revisions"}],"predecessor-version":[{"id":7288,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7287\/revisions\/7288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/media\/5118"}],"wp:attachment":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/media?parent=7287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/categories?post=7287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/tags?post=7287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}