Attock Cement will sell its Iraq Subsidries for 23.4 Million
Attock Cement will sell its Iraq Subsidries for 23.4 Million
According to the company's financial statement submitted to the Pakistan Stock Exchange, Attock Cement Pakistan Limited has agreed to sell its investment in the Saqr AI-Keetan cement grinding mill in Iraq. (According to a news source)
Three months after the contract is signed, the first tranche of US$ 11.7 million will be paid. The second tranche of US$ 5.85 million will be paid 15 months later, and the third and final tranche of US$ 5.85 million will be paid three months after the second tranche.
As of December 2022, Attock Cement Pakistan Limited owned 60% of the US$ 18.1 million foreign business. The mill can produce 0.9 million tonnes per year.
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