Heidelberg Materials- Suez Cement News - Mubasher Info
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13 February 09:49 AM

Heidelberg Materials- Suez Cement (SUCE)

Last update: 11 February 12:29 PM market time.
16.10
0.10
0.63%
Open 16.00
Previous Close 16.00
High 16.87
Low 15.81
Stock Statistics
Volume 178,082
Turnover 2,912,424.50
All data are 15 minutes late during market session

News

The value of the transaction amounts to KWD 3 million
24 January 2021 04:28 PM Suez Cement sells stake in Kuwait's Hilal Cement
Mubasher: Boursa Kuwait announced the completion of procedures for the sale of 51.75 million shares in Hilal Cement. Suez Cement, listed on the Egyptian Exchange (EGX), sold its stake in the Kuwaiti cement producer for a value of KWD 3 million or …
Companies Investments
The transaction has been carried out on 13.23 million shares.
26 November 2020 01:46 PM EGX executes MTO on Tourah Portland Cement at EGP 95m
Cairo – Mubasher: The Egyptian Exchange (EGX) has executed the mandatory tender offer (MTO) submitted by Suez Cement Company on the shares of Tourah Portland Cement Co. The transaction has been carried out on 13.23 million shares at a total value …
Mergers and Acquisitions
The cement producer’s sales declined to EGP 3.84 billion
22 November 2020 04:42 PM Suez Cement's loss widens 70.5% in 9M
Cairo – Mubasher: Suez Cement posted consolidated net losses of EGP 888.9 million in the first nine months of 2020, up by 70.5% year-on-year (YoY) from EGP 521.4 million, including minority shareholders’ rights. The cement producer’s sales …
Financial Results
The FV studies valued Suez Cement’s share at EGP 7.71
1 November 2020 00:19 PM Suez Cement, Tourah Portland Cement approve FV studies, MTOs
Cairo – Mubasher: The boards of Suez Cement and Tourah Portland Cement Company approved the fair value (FV) assessment studies prepared by the independent financial advisor Grant Thornton Financial Consulting For Marketable Securities and the …
Company News
The target company’s shares will be delisted upon the execution of the transaction
29 September 2020 01:46 PM Suez Cement to fully acquire Tourah Portland Cement
Cairo – Mubasher: The board of Suez Cement decided to submit an offer to acquire up to 100% of the issued capital of Tourah Portland Cement Company for EGP 7.18 per share. The target company’s shares will be delisted from the Egyptian Exchange …
Mergers and Acquisitions
Sales slid to EGP 2.7 billion during the January-June period
6 September 2020 02:37 PM Suez Cement’s loss almost doubles in H1-20
Cairo – Mubasher: The consolidated financial statements of Suez Cement showed a 98.97% year-on-year (YoY) rise in its net losses, logging EGP 709.31 million in the first half (H1) of 2020, compared to EGP 356.49 million, including minority …
Financial Results
The cement producer’s revenues dropped to EGP 1.33 billion
28 June 2020 04:08 PM Suez Cement moves to loss in Q1-20
Cairo – Mubasher: The consolidated financial statements of Suez Cement reported net losses of EGP 389.65 million in the first quarter of 2020, versus net profits of EGP 213.07 million in the year-ago period, including minority shareholders’ …
Financial Results
The cement producer affirmed its commitment to reduce additional costs
28 April 2020 01:04 PM Suez Cement’s top management to take pay cut over coronavirus
Cairo – Mubasher: The board of directors of Suez Cement decided to slash salaries of the managing director and the members of the management committee by 30% and 20%, respectively, during the second quarter of 2020 due to the repercussions of the …
Management Decisions
23 April 2020 06:17 PM Suez Cement not to distribute dividends for 2019
Cairo – Mubasher: The ordinary general meeting (OGM) Suez Cement decided not to distribute cash dividends for 2019. The cement producer’s shareholders also agreed to restructure the board of directors to be chaired by Yasser El-Naggar, according …
General Assembly
The board approved a proposal to obtain a loan from HeidelbergCement
9 March 2020 00:50 PM Suez Cement approves loan, offers stake in Hilal Cement for sale
Cairo – Mubasher: The board of directors of Suez Cement decided to offer its 51% stake in Kuwait’s Hilal Cement for sale.   The potential deal will be executed at the fair enterprise value with a relevant earnings before interest, taxes, …
Banking and Finance
The company’s sales fell to EGP 6.46 billion
8 March 2020 05:47 PM Suez Cement incurs EGP 1.18bn loss in 2019
Cairo – Mubasher: The consolidated financial statements of Suez Cement showed a 10.6% year-on-year drop in its net losses during 2019. The cement producer suffered net losses of EGP 1.18 billion last year from EGP 1.32 billion in 2018, including …
Financial Results
Sales plunged to EGP 4.91 billion
2 December 2019 00:25 PM Suez Cement incurs EGP 495m consolidated losses in 9M
Cairo – Mubasher: The consolidated financial statements of Suez Cement showed a turn to losses during the first nine months of 2019. The cement producer suffered net losses of EGP 495.51 million in the January-September period, against net profits …
Financial Results
Sales slid to EGP 3.33 billion in H1-19
2 September 2019 01:30 PM Suez Cement's consolidated financials turn negative in H1
Cairo – Mubasher: Suez Cement succumbed to losses during the first half of 2019, dragged by lower sales, the company’s consolidated financial statements showed.   The cement producer incurred net losses of EGP 301.8 million in the six-month period …
Financial Results
Net losses reached EGP 293.4 million in H1-19
14 August 2019 04:55 PM Suez Cement's financial indicators show EGP 293m losses in 6M
Cairo – Mubasher: Suez Cement moved to losses during the first half of 2019, the company's financial indicators showed.  Net losses reached EGP 293.4 million in H1-19, against profits of EGP 238.2 million in H1-18, according to the company’s …
Financial Results
The deal includes the supply of 200,000 tonnes of petcoke annually
31 July 2019 05:58 PM Suez Cement pens petcoke purchase deal with Egyptian Refining
Cairo – Mubasher: Suez Cement announced signing an agreement with the Egyptian Refining Company (ERC) to purchase locally-produced petroleum coke. The deal includes the supply of 200,000 tonnes of petcoke annually, the cement producer said in a …
Companies Investments
Net profits amounted to EGP 213.07 million
15 July 2019 00:49 PM Suez Cement’s consolidated profit soars 82% in Q1
Cairo – Mubasher: Suez Cement reported an 82% year-on-year profit hike during the first quarter of 2019, according to the company’s consolidated financial statements. Net profits amounted to EGP 213.07 million in the three-month period ended 31 …
Financial Results
The total value of the deal stood at EGP 3.79 million
10 July 2019 02:39 PM Rimco Investments raises stake in Suez Cement to 9.1%
Cairo – Mubasher: Beltone Financial Holding announced that Rimco Investments has increased its stake in Suez Cement to 9.113% from 8.852%. Rimco Investments has purchased around 474,000 shares in the cement producer, according to a statement to …
Companies Investments
Sales retreated to EGP 527.73 million
19 May 2019 04:44 PM Suez Cement turns to losses in Q1
Cairo – Mubasher: Suez Cement announced succumbing into losses during the first quarter of 2019, according to the company’s non-consolidated financial statements. The cement producer incurred net losses of EGP 95.16 million from January to March, …
Financial Results
The board’s decision is subject to the approval of the OGM
5 March 2019 05:07 PM Suez Cement proposes not to distribute dividends for FY18
Cairo – Mubasher: Suez Cement on Tuesday announced its board of directors has decided not to pay cash dividends to shareholders for 2018. The company’s retained profits amounted to EGP 1.3 billion, upon which total profits reached EGP 1.5 billion …
Financial Results
Sales rose to EGP 7.42 billion last year, versus EGP 6.46 billion in 2017
5 March 2019 02:36 PM Suez Cement turns profitable in 2018
Cairo – Mubasher: Suez Cement on Tuesday posted it has turned to profitability in fiscal year 2018. The Egyptian cement producer logged EGP 121.43 million in net profits for the 12-month period ended December 2018, against a loss of EGP 1.13 …
Financial Results
Emaar Industries, a subdiairy of Emaar Properties, will purchase the factory
17 January 2019 03:15 PM Suez Cement’s unit to sell facility at EGP 694.5m
Cairo – Mubasher: Suez Cement on Thursday said that its 99.55% subsidiary Helwan Cement SAE will sell the white cement plant at a value of EGP 694.5 million. Emaar Industries, a subdiairy of Emaar Properties, will purchase the factory, according …
Companies Investments
Suez Cement logged EGP 250.59 million in net profits for the six-month period ended June
12 August 2018 00:51 PM Suez Cement turns profitable in H1
Cairo – Mubasher: Suez Cement on Sunday posted it has turned to profitability in the first half of 2018, as compared with the corresponding period of 2017. The Egyptian cement producer logged EGP 250.59 million in net profits for the six-month …
Financial Results
Sales increased to EGP 6.46 million in 2017
7 March 2018 03:17 PM Suez Cement losses jump 81% in 2017
Cairo – Mubasher: The financial indicators of Suez Cement on Wednesday showed an 80.9% year-on-year hike in consolidated losses for the full-year 2017. Net loss stood at EGP 1.13 billion last year, up from EGP 629.3 million in 2016, the company …
Financial Results
Suez Cement divests from Saudi unit
7 December 2017 01:52 PM Suez Cement divests from Saudi unit
Cairo – Mubasher: Egypt-based Suez Cement said it completed divestment from Saudi Readymix Concrete Company (Medina).   Suez Cement exited from Medina without receiving any revenues in exchange for not paying any of Medina's debts resulted from …
Management Decisions
Suez Cement BOD also approved the company's financial statements
14 August 2017 11:50 PM Suez Cement to liquidate subsidiary in KSA
Cairo - Mubasher: Suez Cement announced that its board of directors (BOD) has decided to dissolve and liquidate its subsidiary Al Madinah International for Precast Concrete Company in Saudi Arabia. Suez Cement said in a statement to the Egyptian …
Mergers and Acquisitions