The President, Saad Kolak, along with the Delta Cement Team, took over Karbala Cement Manufacturing Company today, 23 July 2025. The acquisition lasts almost 2 years and concluded today with a successful win. Karbala Cement Manufacturing Company is the leading cement player in Central Iraq with a 9% country market share, a 2.4 mT cement and 2.1 mT clinker installed capacity, and enjoying an advantageous position to supply the highly strategic Baghdad region.
Kingston Capital Investment, a member of a 185-year Britain Group of Companies, led the acquisition, along with K L Gates, Amereller & Russell Bedford. Today, with a total 24% country market share and 6.4 mta, Delta Cement, a subsidiary of Kolak Group Investment, is dominating the Iraq cement industry.
