Arabian Cement concludes share swap and exits Jordan subsidiary
Arabian Cement Company announced the completion of a share exchange and exit deal for its subsidiary in Jordan, aimed at restructuring its investments in the Hashemite Kingdom. The transaction resulted in increasing the company's stake in Al Qatrana Cement to 96.14%, along with capital gains of 18.9 million SAR and a growth in the equity attributable to the parent company's shareholders of 40.2 million SAR. The company also fully exited from the Ready-Mix and Construction Supplies Company, in exchange for an increased stake in Al Qatrana Cement. This process reflects the company's strategic move to enhance its investment efficiency and alignment within the sector.
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