ACC News Coverage 2013
Spain's Cementos sticks to Arabian Cement stake; nationals' stake to be floated
September 17, 2013
| Jose Maria Magrina, the chief executive officer of Arabian Cement Co. revealed that his company will list the 40% stake owned by Egyptian investors in its capital on the Egyptian Exchange (EGX), while the remaining 60% equity will continue to be held by Spain- based Cementos La Union. More |
ACC proceeds with EGX's listing plan
August 13, 2013
Arabian Cement Company confirms proceeding with listing its shares on EGX by the first quarter of 2014. Jose Maria Magrina, Chief Executive Officer of Arabian Cement Company (ACC), announced that the Company has commissioned EFG-Hermes and CI Capital as financial consultants for the IPO. More
Increasing investments depends on economic and political stability in Egypt to - Jose Maria
January 19, 2013
Jose Maria Magrina, CEO of Arabian Cement said that the company plans to list its shares on the Egyptian Exchange (EGX) as an alternative for finance instead of Egyptian banks, pointing out that the listing move depends on the political and economic stability. More
Egyptian Market lacks regulative rules and transpareny
June 3, 2013
Jose Maria Magrina, Chief Executive Officer of Arabian Cement Company (ACC), confirmed that Egyptian cement market suffers from lack of transparency and information that help investor know the market needs in order to put its investment plans. More
Uncartain future awaits Egyptian Industry amid energy crisis
June 24, 2013
Fernas El Hakim: Arabian Cement Company earmarks EGP 300 Mn to establish 3 projects for converting to operate using coal and alternative fuel. The cost of converting all cement plants to operate using coal amounts $600 Mn and companies will provide dollars to import coal. More