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Arabian Cement completes share swap exit
Arabian Cement Company announced the completion of a share exchange and investment transaction with its subsidiary in Jordan, Jordan Cement Industries (Qatrana), aimed at restructuring its investments. The deal resulted in an increase in the group's ownership stake in the company to 96.14%, with capital gains of 18.9 million Riyals and an increase in equity attributable to the parent company's shareholders by 40.2 million Riyals. This enhances its market presence in Jordan and is a step toward improving the efficiency of its investment portfolio. Additionally, equity increased both directly and indirectly, and the company continues to focus on assets with strategic returns.
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