Unifive and Aswaq acquire stake in Jericho Cement Industry Company

Etihad Al Khamsa (Unifive) and Aswaq (a PIF subsidiary) have acquired shares in Jericho Cement Industry Company from Sanad, forming a joint venture to build the first advanced cement grinding mill in Palestine, with a supply agreement with FLSmidth.

“The acquisition transaction creates a joint venture company, and 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.”mashallaw.com

• 1 source
• mashallaw.comHadi Mashal & Associates Advises Etihad Al Khamsa For Investment and Development (Unifive) on Investment and Acquisition in Jericho Cement Industry Company. A joint venture with Sanad & PIF subsidiary Aswaq. - Hadi Mashal & Associates Attorneys and Legal ConsultantsHadi MashalMar 27, 2021

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