Follow-ups -eshrag News:
Sun, 2022-09-25 12:11
RIYADH: Qassim Cement Co. has signed a non-binding memorandum of understanding with Hail Cement Co. regarding a securities exchange transaction, in which the former will acquire all of Hail’s issued shares.
Both parties will therefore proceed with due diligence in connection with the proposed transaction, according to a bourse filing.
Upon completion of the relevant financial evaluation and after consideration of the due diligence, Qassim and Hail will begin discussions on a non-binding exchange ratio.
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