YCC: MoU with Southern Province Cement Extended for Additional Three Months

Yanbu Cement Co. (YCC) announced on Monday its agreement to extend the current Memorandum of Understanding (MoU) with Southern Province Cement Company for an additional three (3) months, starting June 23, 2025.

According to the Company, this is to complete the process of studying the potential securities swap transaction and conducting due diligence, including operational, technical, financial, legal and actuarial aspects.

This is in reference to Yanbu Cement’s announcement published on the Saudi Exchange website (Tadawul) on June 23, 2024, regarding the signing of a non-binding Memorandum of Understanding with Southern Province Cement Company to study the feasibility of a potential merger between the two companies.