Qassim Cement Company Announces The Signing Of A Share Sale And Purchase Agreement To Acquire 100% Of A-Mix Company’S Shares

Introduction: Qassim Cement Company (the Company) announces the signing of a Sale and Purchase Agreement (the Agreement) with the shareholders of A-Mix Company (the Target Company).

Transaction Details: Qassim Cement Company announces the signing of a share sale and purchase agreement with A-Mix Company’s shareholders, under which Qassim Cement will acquire 100% of the shares of A-Mix Company, after obtaining the necessary approvals from the regulatory authorities.

Transaction Amount: The total value of the transaction (the price or consideration) is SAR 65 million.

Transaction Conditions: Under the agreement terms and conditions, Qassim Cement Company will acquire 100% of A-Mix Company's share capital with a total consideration value (The Price) of SAR 65 million. The buyer shall be obliged to pay the price to sellers in three installments in accordance with the terms and conditions contained in the agreement, and each payment shall form part of the price and part the total consideration due to the sale and purchase of all the shares. The transfer of ownership of the entire shares to the buyer on the date of completion shall be in accordance with the terms and conditions of the agreement.

The process of completing the transaction and completing the transfer of ownership of the shares is subject to a number of conditions prior to completion, including obtaining the necessary regulatory approvals and permits from the relevant authorities, meeting the relevant regulatory requirements, including obtaining a No Objection from the General Authority for Competition (GAC), in addition to completing the contractual procedures agreed upon between the parties to the transaction. The signing of the Shares Sale and Purchase Agreement will not result in the immediate transfer of ownership of the shares, as the transfer of ownership will be completed after meeting the necessary conditions and requirements for the completion of the transaction.

Parties of the Transaction: Buyer: Qassim Cement Company

Sellers: Natural persons who collectively own all the shares of A-Mix (A Closed Joint Stock Company)

Transaction Financing Method: Through the existing credit facilities from commercial banks (Shariaa compliant)

Date of Entering Into The Transaction: 2026-09-08 Corresponding to 1448-03-26

Description of Activity of The Asset Subject of The Transaction: The main activity of the target company is the production, manufacture, marketing and sale of ready-mix concrete.

Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction: The Revenue of A-Mix during the last three years was as follows:

FY2025: SAR 54.4Mn

FY2024: SAR 54.8Mn

FY2023: SAR 34Mn

Transaction reasons: The acquisition is aligned with Qassim Cement Company's strategy to enhance the construction materials value chain through vertical integration.

Expected Impact of the Transaction on the Company and Its Operations: The transaction is expected to strengthen the building materials value chain through vertical integration and diversification of revenue streams.

Related Parties: None

Additional Information: The Company will announce any material developments related to the transaction in accordance with the relevant laws and regulations.