Yamama Cement announces end of metal JV MoU without reaching agreement

01/07/2025 Argaam
Logo ofYamama Cement Co.

Logo of Yamama Cement Co.

Yamama Cement Co. announced the expiration of the non-binding memorandum of understanding (MoU) previously signed with Obeikan Investment Group and Sultan Holding Co. (SHC).

 

The MoU was aimed at establishing an investment holding firm in Saudi Arabia, specialized in the production of metals (lithium, graphite, silica, etc.). However, no agreement was reached in this regard.

 

According to a statement on Tadawul, the cancellation of the MoU will have no financial impact.

 

For more news on listed companies

 

Last December, Yamama Cement signed a non-binding MoU with Obeikan Investment Group and SHC to establish a holding company for investment in the metals industry.

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