# Yamama Cement signs MoU to form metals JV with Obeikan and Sultan Holding

Yamama Cement Company signed a non-binding MoU with Obeikan Investment Group and Sultan Holding Company to establish a holding company focused on investments in Saudi Arabia's metals industry, producing lithium, graphite, and silica.

- Type: Partnership
- Announced: 2024-12-30
- Where: Saudi Arabia
- Status: announced
- Products: lithium, graphite, silica
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Obeikan Investment Group](https://endata.com/companies/7273.md) (partner)
- [Yamama Cement Company](https://endata.com/companies/21175.md) (partner)
- [Sultan Holding Company](https://endata.com/companies/82056.md) (partner)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/178383/yamama-cement-signs-deal-to-launch-major-saudi-metals-jv.html), 2024-12-30: "Yamama Cement Company has signed a non-binding memorandum of understanding (MoU) with Obeikan Investment Group and Sultan Holding Company to establish a holding company focused on investments in Saudi Arabia's metals industry."

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