Helwan Cement Company
1- Shareholding Structure (31-12-2016)
% | ||
Suez Cement Co. (SCC) | 99.54 | |
Funds, Private Entities & Free Float | 0.46 |
The Company Profile:
Established in 1929, Helwan Cement was the second cement producer to enter the market. Since August 2005, Suez Cement Company has owned 99.52 percent of the company. Helwan Cement has a production capacity of 4.5 million tons of clinker per year. The company manufactures grey and white cement in its Helwan and El Minya plants, which have a combined capacity of 4.8 million tons per year. Both facilities are ISO 9001 and ISO14001 certified.
Capital Shares:
- The company's issued and paid up capital amounted to 583 million EGP divided over 116 million fully paid up shares, with a par value of 5 EGP per share.
- Number of Issuances: (4) Issuances.
- The company's authorized capital amounted 2,000 Million Egyptian pounds.
- The company's capital shares have been listed at the Egyptian Stock Exchange (ESE) since 1st February 1995, as per the rules of the Egyptian capital market law no. 95 of the year 1992 and its executive regulations.
- The issuance of new listing rules at The Egyptian Stock of Exchange in November 2008 upon the Decree of the Capital Market Authority's Board of Directors No. 30, dated June 18, 2002, meant that HCC would not be able to meet the new regulations following the SCGC acquisition.
- On 25th November 2009, the company’s Extraordinary General Assembly Meeting approved the Board of Directors’ decision to optionally de-list the company’s shares.
- On 27th January 2010 the company shares were optionally delisted and the company embarked on buying back shares owned by shareholders opposing the delisting was committed to buy back the shares owned by all shareholders whom are against the de-listing decision.