Suez Cement (SUCE)

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 …

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 …

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 …

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 …

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 …

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 …

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’ …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …