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Arabian Cement Unit Boosts Stake in Jordan's Qatrana Cement, Exits Ready Mix Concrete

MT Newswires·09/29/2026 01:57:23
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01:57 AM EDT, 09/29/2026 (MT Newswires) -- Arabian Cement Co. (SASE:3010) unit Arabian Cement Bahrain Holding Co. raised its stake in Jordan-based Qatrana Cement Co. to 96.14% from 86.74%. The cement company's subsidiary acquired the additional 9.4% stake in Qatrana Cement by purchasing interests held by Ready Mix Concrete and Construction Supplies Co. and Al Rawsha Investment and Trading Co., according to a Monday filing. Arabian Cement Bahrain also sold its remaining stake in Ready Mix Concrete and Construction Supplies, recognizing a capital gain of 18.9 million Saudi riyals. The transactions were completed under a share-swap agreement first disclosed in December 2025.