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Home Iraq-Business News

Pakistani Firm Sells Stake in Iraqi Cement Maker

May 1, 2023
in Iraq-Business News
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Pakistan’s Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq.

Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches.

The proposed sale is expected to generate a capital gain of approximately US$ 5.343 million.

The mill has a capacity of 0.9 million tons.

According to previous information from Business Recorder, the investment is a joint venture with the Iraq-based Al Geetan Commercial Agencies.

More here.

(Source: Pro Pakistan)

 

Tags: cementfirmiraq-businessiraqimakernewspakistanisellsstake
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