Arabian Cement’s board proposes EGP 7.7M capital reduction
Updated 2/22/2026 10:36:00 AM
Arab Finance: The board of Arabian Cement Company approved submitting a proposal to the extraordinary general meeting (EGM) to cut the issued and paid-up capital by EGP 7.744 million, according to a bourse filing.
As per the proposal, the company’s capital shall be reduced from EGP 757.479 million to EGP 749.734 million.
This reduction would be implemented by writing off 3.872 million treasury shares at a nominal value of EGP 2 per share, representing approximately 1.02% of the company's total shares.
Accordingly, articles 6 and 7 of the company's articles of association shall be amended.
Established in 1997, the EGX-listed firm manufactures cement, aggregates, and concrete. Through its main subsidiaries, Arabian Cement also manufactures paper bags.
Its two production lines are located in the Suez Governorate and produce an average of five million tons of first-quality clinker and cement annually.
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