K&A advised Qassim Cement Company (QCC) on the signing of a share swap transaction that sees QCC acquiring all of Hail Cement Company’s (HCC), outstanding shares, with the deal being valued at approximately SAR 1.3 billion.

QCC, founded in 1976, has a market cap of about SAR 5.7 billion and is considered a leading company in the cement sector. Both companies produce cement from their facilities in Qassim and Hail, respectively, and sell it throughout the Kingdom. The deal remains subject to regulatory and shareholders approvals and the issuance of relevant public documentation. 

The team was led by managing partner Zeyad Khoshaim and Senior Associate Ghaida Meaigel, with support from Counsel Khalid Alyafi and associates Yousef Tolah, Saudi Aldriss and NaifAlbattal.

This cements K&A’s standing as the leading public M&A firm in Saudi Arabia, having acted on all public share swap acquisitions in the KSA, starting from Sipchem/Sahara, SABB/Alawwal, NCB/SAMBA, SIIG/Petrochem, and Taiba/Dur. 

This transaction closes an amazing year for K&A and adds to K&A's recent string of successes, including sweeping all “Saudi Arabian Law Firm of the Year Awards” at the IFLR Middle East Awards, Chambers & Partners Awards, and ALB Middle East Awards.