SAUDI ARABIA —Saudi Arabian cement manufacturer Qassim Cement Company has executed a binding share sale and purchase agreement to acquire total ownership of A-Mix Company for a aggregate consideration of SAR 65 million. Under the structured agreement, payment will be settled in three scheduled installments, funded through existing Sharia-compliant credit facilities from commercial banks. Final execution remains contingent upon regulatory clearances, including a no-objection approval from the General Authority for Competition.
Established in Saudi Arabia, Qassim Cement Company is a publicly listed producer specializing in clinker and cement manufacturing. Target entity A-Mix Company operates as a closed joint-stock enterprise focused on the manufacturing, marketing, and distribution of ready-mix concrete products. A-Mix recorded financial revenues of SAR 54.4 million in 2025, SAR 54.8 million in 2024, and SAR 34 million in 2023.
This strategic transaction advances Qassim Cement's vertical integration objective by securing direct exposure to downstream concrete production. Integrating ready-mix operations into primary cement production allows the company to secure consistent captive demand, optimize distribution logistics, and diversify revenue channels across the domestic construction supply chain.
The acquisition reflects ongoing structural consolidation across the Saudi Arabian building materials and construction industries. Driven by large-scale infrastructure and real estate developments across the Kingdom, primary material producers are increasingly expanding into value-added downstream segments to enhance operating margins, secure market share, and hedge against cyclical fluctuations in bulk commodity pricing.
