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.