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Attock Cement Pakistan receives sales proceeds from the Iraqi plant

11 September 2024, Published under Cement News

Attock Cement Pakistan Ltd informed the Pakistan Stock Exchange (PSX) on 9 September that it had received the sales proceeds of its stake in a cement facility in Iraq. Attock Cement has completed the sale of its shareholding in its subsidiary, Saqr Al Keetan for Cement Production Co Ltd (SAKCPCL), receiving the third tranche of payment amounting to US$5.850m. This marks the final consideration against the sale of the remaining 4.5m shares held in SAKCPCL. The company is now initiati...