IssuerAnnouncementDetailsV2Portlet
Actions
Northern Region Cement Co. Announces the signature of a partnership agreement related to the Company’s investments in the Republic of Iraq in the value of 43,953 million US dollars.
3004
NORTHERN CEMENT
0.25
%
1445/05/22 06/12/2023 15:37:59
| Element List | Explanation |
|---|---|
| Introduction | The Northern Region Cement Company announces the signature of a partnership agreement with Al-Diyar Al-Iraqia For Investments Company (an Iraqi company) through the acquisition by Al-Diyar Al-Iraqia For Investments Company (an Iraqi company) of 49% of the Company’s investments in the Republic of Iraq. |
| Transaction Details | Northern Region Cement Company agreed on the acquisition by Al-Diyar Al-Iraqia For Investments Company (an Iraqi company) of 49% of the Company's investments in the Republic of Iraq. |
| Transaction Value | 43,953 million US dollars. |
| Transaction Terms | N/A |
| Parties of the Transaction | 1. Northern Region Cement Company 2. Al-Diyar Al-Iraqia For Investments Company (an Iraqi company) |
| Transaction Funding Method | N/A |
| Transaction Execution Date | 2023-12-06 Corresponding to 1445-05-22 |
| Description of the Business of the Asset forming the Subject Matter of the Transaction | Investments in the cement industry in Republic of Iraq. |
| Asset Book Value | 43,953 million US dollars. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Available in the Company's financial statements. |
| Transaction reasons | Entering into a strategic partnership that entails the Company to expand its investment in the promising markets. |
| Expected Impact of the Transaction on the Company and Its Operations | N/A |
| Details of Using The Proceeds of the Asset Sale | Inject in external investments with promising opportunities and repayment of a part of the high-cost loans in light of the current high financing cost rates |
| Related Parties | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
NORTHERN CEMENT
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 8.08
Net Change 0.02 (+0.25%)
Value Traded (Sar) 1,542,459.97
Volume Traded 190,943
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions