Cairo - Mubasher: The extraordinary general meeting (EGM) of Arabian Cement Company approved a capital reduction by EGP 7.74 million through the cancellation of treasury shares.
The company’s issued and paid-in capital will be decreased to EGP 749.73 million from EGP 757.47 million, according to a bourse disclosure.
Meanwhile, the reduction transaction will be carried out by canceling 3.87 million treasury shares at a nominal value of EGP 2 per share.
The number of shares pursuant to the capital cut will stand at 374.86 million shares, compared to 378.73 million shares prior to the transaction.
In 2025, the consolidated net profits after tax of Arabian Cement totaled EGP 3.59 billion, while the net sales hit EGP 12.44 billion.
