ArabFinance: Tourah Portland Cement Company’s board of directors approved the voluntary delisting of its shares from the Egyptian Exchange, according to a December 10^th statement.

The company purchased the shares of dissenting shareholders at EGP 7.18 per each.

The voluntary delisting came in light of the mandatory tender offer submitted by Suez Cement to acquire 13,234,859 shares representing 18.5% of Tourah Portland.

Tourah reported a net loss after tax of EGP 151.96 million during the first half of 2020.

Tourah Cement is an Egypt-based company engaged in producing and marketing different types of cement, lime, and building materials. The company produces nearly 4 million tons of cement annually.