FICA acquires an additional stake in Sinai Cement for EGP 140 millionFICA acquires an additional stake in Sinai Cement for EGP 140 millionVisits : 730

The Saad El-Din Group offered its Spanish-Egyptian Cement Factory “Spegico” in the free zone in Port Said Governorate, for sale. Mohamed Saad El-Din, Chairman of the Board of Directors of the Group, said that two companies from the UAE and Egypt have expressed interest in buying the factory in the recent period, but the UAE offer was not completed for reasons related to financing, according to Al Borsa newspaper. He added that the Egyptian bid is currently in the process of being prepared, and one of the specialized companies is preparing to evaluate the factory, in preparation for holding a joint meeting with the officials of the bidding company in the coming days.
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