Egypt Suez Cement not to distribute dividends for 2019

The cement producer’s shareholders also agreed to restructure the board of directors to be chaired by Yasser El-Naggar

  
A trader works at the Egyptian stock exchange in Cairo, Egypt, . REUTERS/Mohamed Abd El Ghany

A trader works at the Egyptian stock exchange in Cairo, Egypt, . REUTERS/Mohamed Abd El Ghany

REUTERS/Mohamed Abd El Ghany

Cairo – The ordinary general meeting (OGM) Suez Cement decided not to distribute cash dividends for 2019.

The cement producer’s shareholders also agreed to restructure the board of directors to be chaired by Yasser El-Naggar, according to a bourse statement on Thursday.

It is noteworthy to mention that in 2019, Suez Cement’s net losses narrowed to EGP 1.18 billion from EGP 1.34 billion year earlier.

Source: Mubasher

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