Arab FinanceA company has approved a company board South Valley Cement – (SVCE)Held on 27-08-2025 on the sale of the Building Materials Industries Company- a subsidiary- by 47.61%- to the Spanish ITA company at a price of 2 pounds per share with a total of 584 million pounds, according to the Egyptian Stock Exchange statement.
She added that she owns 292,342,856 million shares of the total capital of the building materials industries of 614 million shares, and the study of the fair value of the building materials industries shares, which concluded that the fair price of the share is 1.25 pounds compared to a negative book of 1.26 pounds.
About the financial statements for the financial period ending in 30/06/2025And, which showed a net loss of 102.382 million pounds in exchange for achieving a net loss of 47.195 million pounds for the same period in the previous year.
The company was established in 1997, and its purpose is to produce cement of various types and other products that branched from the cement industry or related to it, and the production of other building materials and construction requirements.
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