Selling Egyptian governmental cement company

The Egyptian holding company for chemical industries announced its intention to sell its entire share in an affiliated cement company in April.

The company will float up 7,364 of the shares of the Alexandria Cement Company, forming 73.43% of the company's capital, for a main investor or group of investors in the first half of April.

The Alexandria Cement Company was established in 1948, and it is considered one of the greatest cement companies in Egypt, producing potash, normal cement, mixed cement and sea water resistant cement.