‎Qassim Cement acquires 100% of Amix Ready Mix for SAR 65M

‎<p ><img src="https://argaamplus.s3.amazonaws.com/1c27bc57-1be1-4f89-846a-d5ec9f2149dd.png" ></p> <p class="ckeCaption" >Logo ofQassim Cement Co.</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/tasi/qacco" target="_blank">Qassim Cement Co.</a> signed on Sept. 8 a share purchase agreement with the shareholders of<span >Amix for Ready Mix Concrete Co. to acquire 100% of the company’s shares for SAR 65 million.</span></p> <p ></p> <p >According to a statement to <strong>Tadawul</strong>, completion of the transaction and transfer of the shares are subject to several conditions precedent, including obtaining the required regulatory approvals and permits from the relevant authorities, including the General Authority for Competition’s non-objection, as well as fulfilling the regulatory requirements and contractual procedures agreed upon by the parties.</p> <p ></p> <p >Qassim Cement clarified that signing the share purchase agreement does not result in the immediate transfer of ownership, noting that the shares will be transferred after all conditions and requirements for completing the transaction have been fulfilled.</p> <p ></p> <p >The company added that the transaction consideration will be paid to the sellers in three installments, in accordance with the terms and conditions of the agreement. The transaction will be financed through existing credit facilities from commercial banks that comply with Shariah principles.</p> <p ></p> <p >Amix’s principal activity is the production, manufacturing, marketing, and sale of ready-mix concrete.</p> <p ></p> <p><strong><span >Amix Key Financial Info</span></strong></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td > <p ><strong><span ><span >Year</span></span></strong></p> </td> <td > <p ><strong><span ><span >Amix Revenue (SAR mln)</span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span >2025</span></span></strong></p> </td> <td > <p ><span ><span >54.4 </span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >2024</span></span></strong></p> </td> <td > <p ><span ><span >54.8 </span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >2023</span></span></strong></p> </td> <td > <p ><span ><span >34</span></span></p> </td> </tr> </tbody> </table> <div ></div> <p >Qassim Cement said the transaction is in line with its strategy to enhance the building materials value chain through vertical integration, expecting it to contribute to revenue diversification.</p> <p ></p> <p >There are no related parties to the deal, the cement producer noted, adding that it will announce any material developments related to the deal in accordance with the relevant laws and regulations.</p> <p ></p> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > <p ><strong><span >Transaction Details</span></strong></p> </td> </tr> <tr > <td > <p ><strong>Item</strong></p> </td> <td > <p ><strong>Details</strong></p> </td> </tr> <tr > <td > <p ><strong>Buyer</strong></p> </td> <td > <p >Qassim Cement Co.</p> </td> </tr> <tr > <td > <p ><strong>Target Company</strong></p> </td> <td > <p ><span >Amix for Ready Mix Concrete</span></p> </td> </tr> <tr > <td > <p ><strong>Acquisition Stake</strong></p> </td> <td > <p >100%</p> </td> </tr> <tr > <td > <p ><strong>Transaction Value</strong></p> </td> <td > <p >SAR 65 mln</p> </td> </tr> <tr > <td > <p ><strong>Payment Method</strong></p> </td> <td > <p >Three installments, in accordance with the agreement’s terms</p> </td> </tr> <tr > <td > <p ><strong>Financing Method</strong></p> </td> <td > <p >Existing credit facilities from Shariah-compliant commercial banks</p> </td> </tr> <tr > <td > <p ><strong>Transaction Date</strong></p> </td> <td > <p >Sept. 8, 2026</p> </td> </tr> <tr > <td > <p ><strong>Target Company’s Principal Activity</strong></p> </td> <td > <p >Production, manufacturing, marketing and sale of ready-mix concrete</p> </td> </tr> <tr > <td > <p ><strong>Completion Conditions</strong></p> </td> <td > <p >Regulatory approvals and required permits, including the General Authority for Competition’s non-objection</p> </td> </tr> <tr > <td > <p ><strong>Transfer of Ownership</strong></p> </td> <td > <p ><span >Not immediately upon signing the agreement; ownership will be transferred after the completion conditions are fulfilled</span></p> </td> </tr> <tr > <td > <p ><strong>Related Parties</strong></p> </td> <td > <p >None</p> </td> </tr> <tr > <td > <p ><strong>Transaction Objective</strong></p> </td> <td > <p >Enhancing the building materials value chain through vertical integration</p> </td> </tr> <tr > <td > <p ><strong>Expected Impact</strong></p> </td> <td > <p >Diversifying revenue sources and enhancing the value chain</p> </td> </tr> </tbody> </table>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

9th September 2026

Original report

argaam.com

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