# 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.

- Type: Investment
- Announced: 2021-03-17
- Where: Jericho, Palestinian Territories
- Status: announced
- Products: cement grinding mill
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [FLSmidth](https://endata.com/companies/4673.md) (supplier)
- [Sanad Construction Resources Company](https://endata.com/companies/22151.md) (partner)
- [Palestine Investment Fund](https://endata.com/companies/22152.md) (investor)
- [Aswaq for Investment Portfolios Ltd](https://endata.com/companies/53882.md) (investor)
- [Etihad Al Khamsa For Investment and Development](https://endata.com/companies/53883.md) (partner)

## Sources

- [whitecase.com](https://www.whitecase.com/news/press-release/white-case-advises-sanad-investment-and-joint-venture-aswaq-and-unifive), 2021-03-17: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.