Egypt: Arabian Cement seeks to raise US$120m from IPO
Arabian Cement Company has set the price for its initial public share offer (IPO) at EGP9 (US$1.28) a share after a private placing was 11.3 times oversubscribed, the company s...
Egypt
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Egypt: Arabian Cement to raise US$100m through IPO
Arabian Cement aims to raise US$100m by listing on the Egyptian stock market, according to an official from top MENA investment bank EFG Hermes. The cement company has previous...
Egypt production disrupted by gas shortages
Securing sufficient fuel to operate production facilities has become one of the key challenges for Egyptian cement manufacturers with output rates dropping and input costs risi...
Egypt: ACC set for IPO
Egypt-based producer Arabian Cement Company has set an indicative price range for its planned stock market listing at between EGP8.45 and EGP9.55 (US$1.37), with trading to beg...
Norton Rose Fulbright advises on Arabian Cement IPO in Egypt
Global legal practice Norton Rose Fulbright is acting as international transaction counsel for the announced Arabian Cement Company (ACC) initial public offering (IPO) in Egypt...
Egypt: ACC to start IPO roadshow next week
Egypt's Arabian Cement Company (ACC) plans to start an international roadshow next week to float between 22.5-30 per cent of the company, its chief executive, Jose Maria Magrin...
Egypt: Suez Cement increases dividend payout
Suez Cement, part of the Italcementi group, will pay a cash dividend of EGP2.65/share (US$0.38), it said in a statement published yesterday. The company said it would make the...
Misr Beni Suef revenues boosted by higher prices
Misr Beni Suef Cement (MBSC) saw a 20 per cent rise in revenues in 2013 to EGP1.32bn (US$189.6m) as higher cement prices compensated for lower volumes. Total sales volumes d...
Energy shortage behind Egypt cement price spike
Energy shortages are behind the recent spike in Egyptian cement prices as reduced gas supplies lowers output, a statement by Egypt’s cabinet has said. Daily News Egypt reporte...
Titan: profits decline, other than in the USA
Titan reported a four per cent improvement in turnover for last year to EUR1175.9m, having risen by 3.6 per cent in 2012. The US proved to be a particularly bright spot in 2013...