Latest in Tag: cement Highlight

Latest in Tag: cement

Egypt’s Arabian Cement to announce IPO price on 10 May

Reuters – Egypt’s Arabian Cement Company has set an indicative price range for its planned stock market listing at between EGP 8.45 and EGP 9.55 ($1.37), with trading to begin on or around 21 May, Chief Executive Jose Maria Magrina said on Monday. The deadline for buying orders will be on 8 May for private …

Daily News Egypt

Egypt’s Suez Cement Raises Dividend

Reuters – Suez Cement, Egypt’s biggest listed cement maker by market value, will pay a cash dividend of EGP 2.65 ($0.38) per share, it said in a statement published on the bourse on Tuesday. The company, which lists Italcementi Group as its main shareholder, said it would make the payment in two phases. One pound …

Daily News Egypt

Cement prices fall as military takes control of Sinai

By Islam Serour Falling cement prices are attributable to decreased demand and the destruction of smuggling tunnels between Gaza and Rafah, Ahmed Al-Zeiny, the head of the Construction Materials Department at the Cairo Chamber of Commerce, told the Daily News Egypt. These two reasons, according to Al-Zeiny, have contributed greatly to the drop in cement …

Daily News Egypt

Government resumes cement license programme

By Islam Zayed An official in the Ministry of Finance revealed that the government was resuming its cement licensing programme in order to attract investment, especially foreign investment, noting that it is an efficient way to support the use of state resources in light of the current circumstances. The source noted that the “economic group” …

Daily News Egypt