Misr Beni Suef Cement approves dividends for 2020

The company started production in 2003

  

ArabFinance: The ordinary general assembly of Misr Beni Suef Cement Company (MBSC) approved distributing cash dividends worth EGP 112.5 million for 2020, according to the company’s filing to the Egyptian Exchange on March 28th.

The company will pay EGP 1.5 per share.

In 2020, the listed company recorded a net profit of EGP 76.38 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 one cement production line. In 2006, the company built one new cement production line.

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