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Saudi-listed cement makers end merger talks
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Saudi-listed cement makers end merger talks
Yanbu Cement and Southern Province Cement (Southern Cement) have ended talks on their potential merger after failing to reach a final agreement. The discussion concluded after the expiry of the non-binding memorandum of understanding, the two companies said in separate statements to the Saudi stock exchange. The companies had signed an agreement in June 2024 to assess the feasibility of a merger. The MoU was extended for a further three months i…
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