Tawasul
Mubasher TV
Contact Us Advertising   العربية

Sama Cement reduces shareholding in Sinai Cement to 6.75%

Sama Cement reduces shareholding in Sinai Cement to 6.75%
The total value of the deal registered EGP 16.5 million
Sinai Cement
SCEM
-0.60% 6.61 -0.04

Cairo – Mubasher: Beltone Financial Holding announced that Sama Cement has decreased its stake in Sinai Cement to 6.75%.

Sama Cement has sold about 2 million shares in Sinai Cement, slashing its stake to 6.75% from 9.689%, according to a statement to the Egyptian Exchange (EGX) on Wednesday. 

The total value of the deal registered EGP 16.5 million at an average price of EGP 8.25 per share.

During the first quarter of 2019, Sinai Cement’s sales grew to EGP 201.08 million from EGP 147.99 million in the year-ago period.