Arabian Cement finalizes exit, share swap deal for Jordanian equity
Arabian Cement exits RMCC and raises Qatrana stake to 96%, booking a SAR 18.9 mln gain and lifting parent equity by SAR 40.2 mln. The deal completes a share swap restructured in July.
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Arabian Cement Co. completed the exit of its subsidiary from Ready-Mix Concrete and Construction Supplies Co. (RMCC) and swapped its stake for a larger position in Qatrana Cement Co., the company said in a statement on Tadawul.
The exit generated a capital gain of SAR 18.9 million. Equity attributable to the parent company's shareholders will increase by SAR 21.3 million, bringing the total direct and indirect equity increase to SAR 40.2 million after including the capital gain. Non-controlling interest will decline by SAR 70.3 million as the subsidiary's stake in Qatrana Cement rose to 96.14% from 86.74%.
The deal stems from a share swap agreement announced in December 2025. Arabian Cement's subsidiary, Arabian Cement Bahrain Holding Co., entered into the swap for its shareholding in RMCC in Jordan. The company amended the agreement's structure last July.
As part of the transaction, the subsidiary acquired a 9.4% stake in Qatrana Cement for JOD 9.5 million (about SAR 50.3 million). The swap with RMCC and Al Rawsha Company for Trading and Investment involved 1.85 million shares in RMCC exchanged for 2.27 million shares in Qatrana Cement, valued at JOD 6.2 million (about SAR 33.1 million).
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