Egypt’s Arabian Cement targets new investors

22 April 2014

Egypt’s Arabian Cement Company plans to hold international presentations from next week aimed at attracting investors to a stock market debut that would be the first in Cairo since the fall of Hosni Mubarak in 2011. Chief Executive Jose Maria Magrina told Reuters the firm was looking to float a stake of between 22.5 and 30%. It will hold presentations for investors in Britain, Saudi Arabia, South Africa, the United Arab Emirates and the United States.

“Our target is the 14th of May to start trading … but that may change … It depends on the result of the roadshow,” he said on Monday.

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