Sanad forms joint venture with Aswaq and Unifive for cement mill in Jericho

Sanad Construction Resources Co. has formed a joint venture with Aswaq (PIF subsidiary) and Unifive to establish and operate the first advanced technology cement grinding mill in Palestine, with Sanad transferring 50% of shares to Unifive and 10% to Aswaq.

“The transaction, which creates a joint venture company, includes a shareholders agreement and a share purchase agreement through which Sanad transferred 50 percent of its shares to Unifive, and ten percent of its shares to Aswaq.”whitecase.com

• 1 source
• whitecase.comWhite & Case Advises Sanad on Investment and Joint Venture with Aswaq and Unifive | White & Case LLPWhite, CaseMar 17, 2021

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