Sinai Cement may double capital to E£700m
Sinai Cement, an Egyptian cement producer, plans to double its capital to E£700m (US$125m) by distributing 35m free shares.
The company will distribute the free shares for every share held by investors, the Cairo-based company said in a statement posted on the Web site of the Egyptian Exchange today.
A general assembly will be held on Nov. 15 to approve the measure, the company said. Published under Cement News
