Southern Province, Yanbu Cement extend key merger talks

25/06/2025 04:00 AST

Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.

The duo had an year ago signed the merger agreement which expired on June 22. Following this, the two have signed an agreement for extension to the MOU by an additional three months, said Southern Province Cement Company in its filing to Saudi bourse Tadawul.

The duo has until September 22 to reach a decision on the merger.

The potential transaction is under consideration and no binding agreement has been reached to date or regarding the structure, stated Southern Province Cement Company.

Even if the duo reach a deal on the merger by September 22, the potential transaction will remain subject to the approvals of the Capital Market Authority and the Saudi Exchange.

Also the duo will have to secure the requisite approvals of the shareholders of both companies.


Trade Arabia

News

Southern Province Cement plant in Jazan set for 2026 commercial operations

04/01/2026

Southern Province Cement Company has announced that steady progress is being made on its new cement plant in the Saudi city of Jazan with work on most phases of the clinker production line already co

Trade Arabia

Southern Cement Company enters into financing agreement NCB

03/04/2014

Saudi Arabia's Southern Province Cement Company (SPCC) and the National Commercial Bank (NCB) have entered into an SAR700 million financing agreement, lasting for a period of five years. The agreemen

World Cement

SOCCO 2013 Net Profit Increases 0.6 Percent

14/01/2014

Net profit of Southern Province Cement Company (SOCCO) during the 4th Q 2013 amounted to SAR 254 million; the company recorded the same amount of profit in the same quarter of last year.

Gro

Gulfbase.com

Most Viewed Companies

Ticker Price Volume

Valuation

SPCC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
MAADEN 62.05 3.05 (5.16%)
SABIC 55.75 0.45 (0.81%)
SABICAGRINUTRIENTS 126.60 -0.60 (-0.48%)
LUBEREF 123.00 -7.00 (-5.39%)
YANSAB 30.10 -1.00 (-3.22%)

Recent News

OMIFCO begins IPO roadshows

16/06/2026

Oman India Fertiliser Company (OMIFCO), whose initial public offering (IPO) opens for public subscription on Tuesday, has begun a series of investor roadshows across the sultanate, with the first eve

Muscat Daily

Seef Mall revitalisation project awarded to Mohammed Jalal Contracting

16/06/2026

Bahrain-based Seef Properties has signed an agreement with Mohammed Jalal Contracting to execute the main construction works within the Seef Mall - Seef District redevelopment project.

The

Trade Arabia

Sustainable Fitch confirms QIIB's strong commitment to sustainability standards with QR2.85bn in eligible finance

15/06/2026

Qatar International Islamic Bank (QIIB) has announced that global sustainability ratings agency Sustainable Fitch has issued its post-issuance review relating to the allocation disclosure for the pro

Gulf Times

QAMCO announces end of marketing and offtake arrangements of Qatalum's production

15/06/2026

Qatar Aluminium Manufacturing Company (QAMCO), which owns a 50% stake in Qatar Aluminium Company (Qatalum), announced that the marketing and offtake arrangements with Hydro Aluminium AS, acting as Qa

Gulf Times

Kuwait Airways launches first commercial flights to Greece's Mykonos

15/06/2026

Kuwait Airways on Sunday launched its first commercial flights to the Greek island of Mykonos, operating twice-weekly services on Sundays and Thursdays as part of its 2026 summer schedule.

A

Gulfnews

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap