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Arabian Cement shareholders OKs selling frozen shares

Arabian Cement shareholders OKs selling frozen shares
Photo Credit: Arabianeye - Reuters
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Cairo-Mubasher: Arabian Cement's shareholders gave a nod to sell the shares of shareholders' frozen stakes.

On the other hand, the shareholders meeting refused to reorganize the board of directors; also, they rejected to review the terms of the contracts signed with related parties.

The cement producer's net profits declined 51% to EGP 56 million in the first quarter of 2015, down from EGP 117 million for the same period of 2014.