Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » Saudi Claps » Tadawul 🔔 » Cement City could acquire Umm Al-Qura Cement👀

Cement City could acquire Umm Al-Qura Cement👀

by Shams Abbas
November 6, 2022

The Clap
Cement giant “Cement City” (3003) has signed a non-binding agreement with Umm Al-Qura Cement “UACC” (3005) to acquire it.

Deets
The potential acquisition would come in the form of a stock swap, in which Cement City would issue new stock to finance the deal by giving it to UACC shareholders.

So what
Saudi cement companies have been seeing lower profit margins, with last year’s margins 34% lower than 2020’s.

Now what
If the deal goes through, which is still pending due diligence, UACC shares will be delisted.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Ma’aden’s CEO talks about the company
Industrials 🏗

Ma’aden’s CEO talks about the company

by Omar El Shorafa
January 12, 2023
Ma’aden’s CEO talks about the company
Industrials 🏗

AMAK signs agreement with Glencore International

by Omar El Shorafa
January 12, 2023
Ma’aden’s CEO talks about the company
Industrials 🏗

Umm Al Qura For Development and Construction considering an IPO

by Omar El Shorafa
January 12, 2023
Industrials 🏗

Ma’aden signs agreements to establish 4 companies

by Omar El Shorafa
January 11, 2023
Anaam interested in Al-Murjan’s share in United Ink 👀
Industrials 🏗

Anaam interested in Al-Murjan’s share in United Ink 👀

by Omar El Shorafa
January 3, 2023
SABIC Agri-Nutrients close to acquiring 49% of ETG 👀
Industrials 🏗

SABIC Agri-Nutrients close to acquiring 49% of ETG 👀

by Omar El Shorafa
December 29, 2022

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)