City Cement will instead focus on alternative investment paths more aligned with its strategic plans
City Cement Co. said it has completed the studies related toa potential acquisition of Umm Al-Qura Cement Co. (UACC) and decided not to proceed with the deal, citing its current priorities, available investment opportunities, development initiatives, and subsidiaries.
In a statement to Tadawul, the company said it will instead focus on alternative investment paths that are more closely aligned with its strategic plans and long-term objectives.
City Cement will instead focus on alternative investment paths more aligned with its strategic plans
City Cement Co. said it has completed the studies related toa potential acquisition of Umm Al-Qura Cement Co. (UACC) and decided not to proceed with the deal, citing its current priorities, available investment opportunities, development initiatives, and subsidiaries.
In a statement to Tadawul, the company said it will instead focus on alternative investment paths that are more closely aligned with its strategic plans and long-term objectives.
