Suez Cement Company
1- Shareholding Structure (31-12-2016)
|Arab & Foreign Investors||19.44|
|Public Sector Entities||13.42|
|Private Sector Entities & Free Float||12.06|
The Company Profile:
Suez Cement Company Established in 1977, Suez Cement Company is one of the largest grey cement producers in Egypt, with a production capacity of 4.1 million tons of clinker per year. The company, which is 55.08 percent owned by Italcementi Group, started its activities with the construction of its first plant in Suez, then a second plant in Kattameya, with a total investment of about LE 1.7 billion. Both plants operate using the dry method, with whitewash and primary heating. The company serves the domestic market and also exports its products to Arab, African and European markets.
Since the date of the company's establishment its capital had been increased several times. As per the last capital increase subscription in the year 2005, the company's issued and paid up capital amounted to 909,282,535 Egyptian pounds divided over 181,856,507 fully paid up shares, with a par value of 5 EGP per share. The company's authorized capital amounted to 3,600 Million Egyptian pounds as at 25-03-2013.
The company's capital shares have been listed at the Egyptian Stock Exchange (ESE) since 8th August 1983, as per the rules of the Egyptian law no. 161 of the year 1957 and its amendments, then as per the rules of the Egyptian capital market law no. 95 of the year 1992, and its executive regulations, in accordance with the Listing Rules issued in November 2008 upon the Capital Market Authority's Board of Directors decree No. 30, dated June 18, 2002, and its last amendments.
Number of issuances (10) issuance. Since the end of 1996, the company's capital shares have been listed through the GDR system at London Stock Exchange.
Tarek H Kamel
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