Southern Province Cement, Yanbu Cement merger talks ends without accord
RIYADH, 1 days ago
Saudi Arabia's Southern Province Cement Company has announced in a filing to the Saudi Stock Exchange that its memorandum of understanding (MoU) with Yanbu Cement Company, aimed at evaluating the feasibility of a potential merger, has expired without the two sides reaching a final agreement.
In a separate filing, Yanbu Cement Company also said the MoU has expired without an agreement on the proposed merger.
The MoU was originally signed in June 2024 and later extended in June 2025 for an additional three months, with the extension running until September 22, 2025, Southern Province Cement Company said in a statement to the Saudi Stock Exchange.
Southern Province Cement expressed appreciation to Yanbu Cement’s board of directors and employees for their cooperation during the discussions, while Yanbu Cement thanked the Southern Province Cement officials.
Yanbu Cement Company is one of Saudi Arabia’s major cement producers. Its annual clinker capacity is around 7 million tons, and it has a cement packing capacity of about 30 million tons.
Southern Province Cement Company operates multiple plants in the southern and western regions of Saudi Arabia (in Jizan, Bisha, Tehama, etc.), covering regional demand with its clinker and cement production. -TradeArabia News Service
