ArabFinance: The Egyptian Exchange (EGX) has set the limit down of Misr Beni Suef Cement Company (MBSC) at 19.86 %, according to the company’s October 25th filing.
The circuit breaker of the company’s stock is also set at a limit down level of 15.41%, the EGX disclosure added.
The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on October 25th.
The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 1.50 per share on October 28th.
The company’s ordinary general meeting on March 28th nodded to the financial results and bonus of 2019, during when the company achieved a net profit of EGP 80.24 million.
Established in 1997, MBSC operates within the materials sector focusing on construction materials.
MBSC is located in the center of Egypt, 190 km south of Cairo, it started production in 2003 with a plant of 1 cement production line, last 2006 year built 1 new cement production line.
