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Alexandria Portland Cement submits voluntary delisting request

Alexandria Portland Cement submits voluntary delisting request
The company is seeking to delist its 458.02 million shares
Alexandria Cement
ALEX
-1.69% 5.96 -0.10

Cairo – Mubasher: Alexandria Portland Cement has submitted a request to delist its shares from the Egyptian Exchange (EGX) in accordance with the extraordinary general meeting’s (EGM) decision on 14 July.

The request will be referred to the listing committee and the company will purchase shares of those negatively affected by the voluntarily delisting, according to a bourse disclosure on Wednesday.

The company is seeking to delist its 458.02 million shares valued at EGP 6.3 apiece.

It is worth mentioning that during the first half (H1) of 2020, the cement producer incurred net losses of EGP 212.75 million, up from EGP 168.99 million in the year-ago period.