Sadiq Ahmed Sadiq El Sewedy increases Arabian Cement stake to 11%

Written by Global Cement staff 13 September 2022

Egypt: Private investor Sadiq Ahmed Sadiq El Sewedy has enlarged their stake in Arabian Cement to 11% from 9.5%. The investor paid US$1.6m for the additional shares. Al Ahly Pharos and EFG Hermes Holding provided brokerage services for the deal.

Arabian Cement recorded a profit of US$6.17m in the first half of 2022, compared to a US$1.2m loss in the first half of 2021.

Last modified on 14 September 2022

Published in Global Cement News

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