Qassim Cement to Acquire A-Mix for SAR 65 Million

Qassim Cement Company has signed a share sale and purchase agreement to acquire 100% of A-Mix Company for a total consideration of SAR 65 million, a move that expands its footprint in the ready-mix concrete sector. The agreement was signed on 8 September 2026.

A-Mix Company is a Saudi closed joint-stock company that produces and sells ready-mix concrete. Under the deal, Qassim Cement will buy the full equity of the company from individual shareholders who collectively own all its shares.

The SAR 65 million purchase price will be paid in cash across three instalments, with each instalment forming part of the total consideration in line with the terms of the agreement. The transaction will be financed through existing Sharia-compliant credit facilities from commercial banks.

Signing the agreement does not result in an immediate transfer of ownership. The share transfer will take place only after all completion conditions are met, including obtaining the required regulatory approvals and permits, securing a no-objection from the General Authority for Competition, and completing the agreed contractual procedures between the parties.

For the wider community, the deal signals continued consolidation and investment in the Kingdom's construction supply chain, an area closely tied to the pace of housing and infrastructure projects. The transaction and its key terms were formally disclosed through Saudi Exchange (Tadawul) issuer announcements.

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