Arab Finance: Company announced Misr Beni Suef Cement (MBSC)The National Investment Bank exited from it by selling 6,112,877 shares, reducing its stake from 9.99% to 0.001%, in a deal with a total value of 287,305,219 pounds, according to what the company stated in Her statement Sent to the Egyptian Stock Exchange.
The company was established in 1997 for the purpose of producing all types of cement (clinker – packaged – bulk) or related materials in various stages, as well as its packaging materials and the production of building materials and construction supplies. It is based on the production of cement products through two production lines: The first line: The contract was concluded to supply and install the equipment and machines necessary to operate the factory (the first production line) in 1998 AD, and actual production began at the beginning of 2003, with a production capacity of one and a half million tons annually. The second line: Contracts were signed to supply and install equipment and machines to increase production capacity in 2006 AD by operating a new production line to obtain greater production capacity to cover the needs of the local and global market. The new line’s equipment was operated and production began in 2010 AD, with a total capacity of one and a half million tons annually.
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