Vicat Cement Egypt made the offer to acquire remaining 42.12% stake in Sinai Cement Co. (S.A.E) for approximately EGP 380 million.

Vicat Cement Egypt made the offer to acquire remaining 42.12% stake in Sinai Cement Co. (S.A.E) (CASE:SCEM) for approximately EGP 380 million on April 10, 2022. As per the transaction, Vicat Cement Egypt made the offer to acquire 56.064 million shares at EGP 6.74 per share. Post completion, Vicat Cement Egypt will hold 100% stake of Sinai Cement Co. (S.A.E). The Financial Regulatory Authority of Egypt has approved the transaction.