Misr Beni Suef Cement’s shareholders OK EGP 2/share dividends
Updated 3/27/2022 11:21:13 AM
ArabFinance: Misr Beni Suef Cement Company’s (MBSC) ordinary general meeting (OGM) has approved the distribution of EGP 2 per share in cash dividends for 2021, according to a filing to the Egyptian Exchange (EGX) on Sunday.
The extraordinary general meeting (EGM) approved amendment to Article 5 of the Articles of Association, extending the company’s period of activity to another 25 years.
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 one cement production line. In 2006, the company built one new cement production line.
