Jan. 6, 2026 - Manaseer Industrial Park, a subsidiary of Manaseer Group, has officially completed the acquisition of LafargeHolcim's stake in the Jordan Cement Factories Company, in a strategic move that reflects the Group's position as one of the Kingdom's leading industrial and investment powerhouses.
This acquisition marks the start of a new phase of sustainable development of the cement and construction materials sector, one of the most important sectors supporting the national economy, in line with Manaseer's vision to build a strong national industry capable of growth and modernization.
In this context, a meeting of the General Assembly of the shareholders of the Jordan Cement Factories Company was held today at the company's general management building in Fuheis, where the items on the agenda were discussed, and the transfer of ownership of 50.275% of the company's issued capital, resulting from the sale by Lafarge Viancier Company to Manaseer Industrial Complex Company, was approved.
H.E. Mr. Mohammed Faris Al-Nabulsi was also elected Chairman of the Board of Directors of the Jordan Cement Factories Company, and H.E. Mr. Yousef Mahmoud Al-Shamali as a member of the Board of Directors and CEO of the company, in addition to the election of the Board of Directors representing Manaseer Industrial Park, in order to consolidate the governance and corporate leadership approach.
The acquisition will include an integrated program to rehabilitate and develop the Rashadiya factory, study investment opportunities and strategic partnerships, in addition to rehabilitating and investing the company's lands and areas in Fuheis to serve the local community, while emphasizing that no industrial projects will be directed in the region.
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