Suez Cement To Raise Authorized Capital To EGP 3.6 Bln
During its meeting held on Tuesday, the board of Suez Cement Co. (SUCE.CA) has decided to hold the Shareholders’ Extraordinary General meeting to raise the company’s authorized capital from EGP 1.3 billion to EGP 3.6 billion.
The Board has also decided to transfer Global Depositary Receipts (GDRs) listed in London Stock Exchange (LSE) from the main market to Professional Securities Market. The Board has endorsed the company’s financial statements for the fiscal year ended on June 30th, 2012.
The Board ratified auditors’ reports, as well as financial statements for the fiscal period that ended on June 30th, 2012.
It has also approved the proposed dividend payout at EGP 1 per share, totaling EGP 181.856 million.
