‎Yamama Cement plans new venture in metals industry

Yamama Cement Co.’s board of directors approved yesterday Dec. 16, its intention to sign a non-binding memorandum of understanding (MoU) with Obeikan Investment Group and Sultan Holding Co. (SHC), to establish a holding company.

The newly holding firm will focus on investing in the metals industry within Saudi Arabia, with a particular emphasis on the production of minerals such as lithium, graphite, and silica.

Yamama Cement Co.’s board of directors approved yesterday Dec. 16, its intention to sign a non-binding memorandum of understanding (MoU) with Obeikan Investment Group and Sultan Holding Co. (SHC), to establish a holding company.

The newly holding firm will focus on investing in the metals industry within Saudi Arabia, with a particular emphasis on the production of minerals such as lithium, graphite, and silica.