Logo ofYamama Cement Co.
Yamama Cement Co. signed on Dec. 25, a non-binding memorandum of understanding (MoU)with Obeikan Investment Group and Sultan Holding Co. (SHC) to establish an investment holding firm in Saudi Arabia, specialized in the production of metals (lithium, graphite, silica, etc.). 
The company said in a statement on Tadawul today that the financial impact will be determined later, noting that it will announce any developments in due course.
For more news on listed companies
On Dec. 16, Yamama’s board of directors approved a plan to sign a non-binding MoU with Obeikan Investment Group and SHC, to establish a holding company for investment in the metals industry in Saudi Arabia, including the production of metals such as lithium, graphite, and silica, among others.
Logo ofYamama Cement Co.
Yamama Cement Co. signed on Dec. 25, a non-binding memorandum of understanding (MoU)with Obeikan Investment Group and Sultan Holding Co. (SHC) to establish an investment holding firm in Saudi Arabia, specialized in the production of metals (lithium, graphite, silica, etc.).
The company said in a statement on Tadawul today that the financial impact will be determined later, noting that it will announce any developments in due course.
For more news on listed companies
On Dec. 16, Yamama’s board of directors approved a plan to sign a non-binding MoU with Obeikan Investment Group and SHC, to establish a holding company for investment in the metals industry in Saudi Arabia, including the production of metals such as lithium, graphite, and silica, among others.
