IssuerAnnouncementDetailsV2Portlet
Yamama Cement Company announces the latest developments in signing a non-binding memorandum of understanding with Obeikan Investment Group and Sultan Holding Company.
| Element List | Explanation |
|---|---|
| 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 |
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