Logo ofQassim Cement Co.
Qassim Cement Co. signed on Sept. 8 a share purchase agreement with the shareholders of Amix Co. For Ready Mix Concrete to acquire 100% of the company’s shares for SAR 65 million. 
According to a statement to Tadawul, completion of the transaction and transfer of the shares are subject to several conditions precedent, including obtaining the required regulatory approvals and permits from the relevant authorities, including the General Authority for Competition’s non-objection, as well as fulfilling the regulatory requirements and contractual procedures agreed upon by the parties.
Qassim Cement clarified that signing the share purchase agreement does not result in the immediate transfer of ownership, noting that the shares will be transferred after all conditions and requirements for completing the transaction have been fulfilled.
The company added that the transaction consideration will be paid to the sellers in three installments, in accordance with the terms and conditions of the agreement. The transaction will be financed through existing credit facilities from commercial banks that comply with Shariah principles.
Amix’s principal activity is the production, manufacturing, marketing and sale of ready-mix concrete.
Amix financial data
Year
Amix Revenue (SAR mln)
2025
54.4
2024
54.8
2023
34.0
Qassim Cement said the transaction is in line with its strategy to enhance the building materials value chain through vertical integration, expecting it to contribute to revenue diversification.
There are no related parties to the deal, the cement producer noted, adding that it will announce any material developments related to the deal in accordance with the relevant laws and regulations.
Details
Item
Details
Buyer
Qassim Cement Co.
Target company
Amix Co. For Ready Mix Concrete
Acquisition stake
100%
Transaction value
SAR 65 mln
Payment method
Three installments, in accordance with the agreement’s terms
Financing method
Existing credit facilities from Shariah-compliant commercial banks
Transaction date
Sept. 8, 2026
Target company’s principal activity
Production, manufacturing, marketing and sale of ready-mix concrete
Completion conditions
Regulatory approvals and required permits, including the General Authority for Competition’s non-objection
Transfer of ownership
Not immediate upon signing the agreement; ownership will be transferred after the completion conditions are fulfilled
Related parties
None
Transaction objective
Enhancing the building materials value chain through vertical integration
Expected impact
Diversifying revenue sources and enhancing the value chain
Logo ofQassim Cement Co.
Qassim Cement Co. signed on Sept. 8 a share purchase agreement with the shareholders of Amix Co. For Ready Mix Concrete to acquire 100% of the company’s shares for SAR 65 million.
According to a statement to Tadawul, completion of the transaction and transfer of the shares are subject to several conditions precedent, including obtaining the required regulatory approvals and permits from the relevant authorities, including the General Authority for Competition’s non-objection, as well as fulfilling the regulatory requirements and contractual procedures agreed upon by the parties.
Qassim Cement clarified that signing the share purchase agreement does not result in the immediate transfer of ownership, noting that the shares will be transferred after all conditions and requirements for completing the transaction have been fulfilled.
The company added that the transaction consideration will be paid to the sellers in three installments, in accordance with the terms and conditions of the agreement. The transaction will be financed through existing credit facilities from commercial banks that comply with Shariah principles.
Amix’s principal activity is the production, manufacturing, marketing and sale of ready-mix concrete.
Amix financial data
Year
Amix Revenue (SAR mln)
2025
54.4
2024
54.8
2023
34.0
Qassim Cement said the transaction is in line with its strategy to enhance the building materials value chain through vertical integration, expecting it to contribute to revenue diversification.
There are no related parties to the deal, the cement producer noted, adding that it will announce any material developments related to the deal in accordance with the relevant laws and regulations.
Details
Item
Details
Buyer
Qassim Cement Co.
Target company
Amix Co. For Ready Mix Concrete
Acquisition stake
100%
Transaction value
SAR 65 mln
Payment method
Three installments, in accordance with the agreement’s terms
Financing method
Existing credit facilities from Shariah-compliant commercial banks
Transaction date
Sept. 8, 2026
Target company’s principal activity
Production, manufacturing, marketing and sale of ready-mix concrete
Completion conditions
Regulatory approvals and required permits, including the General Authority for Competition’s non-objection
Transfer of ownership
Not immediate upon signing the agreement; ownership will be transferred after the completion conditions are fulfilled
Related parties
None
Transaction objective
Enhancing the building materials value chain through vertical integration
Expected impact
Diversifying revenue sources and enhancing the value chain
