Dewan Cement Ltd has appointed Next Capital Ltd as the financial advisor for sale of its North cement plant, Kamilpur, near Hattar in Khyber Pakhtunkhwa, Pakistan.

Next Capital Ltd will explore the possibility of sale of the North plant which has a production capacity of 3800tpd.

The Board announced that this plant sale would be run in parallel with the potential sale of 51 per cent of the shares of the company held by Dewan Muhammad Yousuf Farooqui and his associates.