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Yamama Cement Company announces the latest developments in signing a non-binding memorandum of understanding with Obeikan Investment Group and Sultan Holding Company.

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Previous Announcement Yamama Cement Company announced the approval of the Board of Directors in its meeting on December 16, 2024, of its intention to sign a non-binding memorandum of understanding with Obeikan Investment Group and Sultan Holding Company, to establish a holding company for investment in the field of metals industry in the Kingdom of Saudi Arabia, which includes the production of minerals (lithium, graphite, silica. .etc)
Date of Previous Announcement on Saudi Exchange’s Website 2024-12-17 Corresponding to 1446-06-16
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event A Non-binding Memorandum of Understanding was signed with Obeikan Investment Group and Sultan Holding Company on December 25, 2024, to establish a holding company for investment in the field of metals industry in the Kingdom of Saudi Arabia, which includes the production of metals (lithium, graphite, silica, etc.).

For your information, the duration of the memorandum: from the date of signing the agreement, December 25, 2024, until June 30, 2025.

The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable
Additional Information The financial impact will be determined later, and the company will announce any developments in due course

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.

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