Egypt: Sinai Cement to self-finance coal conversion

Egypt: Sinai Cement to self-finance coal conversion
Published: 12 September 2014


Egypt's Sinai Cement (SCEM) said that its planned plant coal conversion worth EGP300m (US$42m) will be fully financed by the firm's cash flows.

The company added in a bourse statement on Wednesday that it will not resort to neither loans nor credit facilities to fund the plant's conversion to coal. (Source: EGX & Arab Finance Editor)