Qassim Cement Company (QCC) of Saudi Arabia made a transaction announcement to make an offer to Hail Cement Company’s (HCC) shareholders to acquire all shares of HCC in consideration for newly issued shares in QCC.
HCC owns and operates a 5000 tpd clinker line and cement plant in Hail (photo), supplying mainly Saudi’s Central region. The two companies will have a combined portfolio of about 9.3 Mta cement and 5.6 Mta clinker capacity with a total pro-forma revenue of approximately SAR 924.3 million, based on the year ended 31 December 2022.
