Subsequent to the Offer Document submitted on 13 March 2025, TC MENA Holdings Ltd (“TC Mena”), a subsidiary of Buzzi, incorporated under the laws of Abu Dhabi Global Market, has obtained the Securities and Commodities Authority’s approval to increase the offer price from 0.56 to 0.75 AED per share, in order to present a more attractive proposal to Gulf Cement Company PJSC (“GCC”) shareholders and achieve a higher participation in the offer. The Offer Closing Date will be postponed to 24 April 2025 and the results will be announced on 25 April 2025. 
The Offer is expected to be declared unconditional in all respects on or around 5 May 2025 and the Settlement Date on 8 May 2025.