Sigma Capital

20-07-2025

Clarification statement about News that Misr Beni Suef Cement intends to acquire 31 million shares of Misr Cement Qena

Source: MIST

With reference to what has been circulated in some newspapers that Misr Beni Suef Cement Company intends to acquire 316800000 shares, or 33%, of Misr Cement Qena, the company would like to clarify that it currently owns 12.52% as investments in securities, as the company invests in several securities of companies listed on the stock exchange, and that percentage was disclosed on the stock exchange’s disclosure screens before. Within the framework of Misr Beni Suef Cement Company’s full commitment to the laws and regulations, the company has submitted the necessary documents to the Authority for the Protection of Competition and the Prevention of Monopolistic Practices “Economic Concentration” as a regulatory and precautionary measure with the aim of fulfilling the necessary regulatory requirements. This is only because Misr Cement Company Qena operates in the same field in which our company operates, which is cement production, as stipulated in the Economic Concentration Law, without this even meaning the signing of any agreements or financial obligations till Now.

The company confirms that any future steps related to increasing its share in any investment are subject to careful studies, and no decision will be taken or any operations implemented except after completing the regulatory and legal procedures in this regard. In the event that there are any fundamental developments or final decisions that require announcing them, they will be disclosed in accordance with the rules of listing on the Egyptian Stock Exchange. As for what is circulated in the press, it is nothing more than the context of circulating news and is not considered a position issued by the company in that regard at this stage.