Suez Cement Company


NameSuez Cement Company
SectorManufacturing - Cement and allied products
TradingCASE
RIC CodeSUCE.CA
LocationEGYPT


Profile and Background

The Suez Cement Company (SCC) was first incorporated on March 01, 1977 as a joint stock company. SCC was the first privatized company in Egypt, and controlled 16% of the market in 1999. In January 2000, Suez Cement bought trough a bridge financing of 1.

25 billion pounds, 66.1% of Tora Portland Cement, which allowed it to increase its market share to 30%, and increase its production capacity to 8 million tonnes.In July 2000, Suez Cement sold its stake in ECC, and used the proceeds to repay part of the bridge financing, while the remaining portion was renegotiated with National Bank of Egypt, extending its maturity to 7 years at 12.

5% p.a.Another portion of the debt was repaid in Sep-2000 using Torah's dividends, the remaining debt should amount to 900 million pounds.In Feb 2001, the EGM accepted a capital increase through the incorporation of reserves and the increase of the par value to 10 pounds, which brought the capital up to 539 million pounds.

In May 2001, the EGM decided to increase the capital by 15.78% through the issue of 10.1 million new shares, dedicated to a strategic investor. In September 17, 2001 the EGM approve the selection of Ciments Français as the strategic investor, which was bidding for the 10.

1 million shares in addition to 5.9 million shares, increasing its stake to 25%. The paid up capital would then be 639 million pounds par value 10 pounds.

Shareholding Groups

IndividualsN/A
Institutions 63%
FloatingN/A
Government 8%

Board Members (Listed in alphabetical order)

DirectorAlaa El-Din Monir Abdel Wahad
DirectorEl Saied Ahmad Mehasseb Zaid
DirectorHussein Kassem Aly Mogawer
DirectorMohamed Ahmed Ibrahim Moussa
ChairmanMohammed Sayed Dessouky
DirectorMoustafa Hassan Mahmoud
DirectorNabil Sayed El-Gabry
DirectorRodolfo Danielli
DirectorSouhair Sayed Mahmoud
DirectorVittorio Ortolani
DirectorYasser Soliman Hesham El Mallawany
DirectorYves Rene Nanot

Stock Performance

Suez Cement Company Stock Performance



Market Information

StockEgypt Index
Last ClosingEGP 65.43712.73
YTD % -5.427% 0%
Weekly % -1.423% 0.21%
Year HighEGP 75.884251.24
Year LowEGP 54.932585.5
52 Week HighEGP 116.835096.33
52 Week LowEGP 57.023395.06
BETA0.6673
Outstanding Shares128,000,000
Market CapEGP 8,371,200,000
Market Cap in $USD $1,467,344,435
% of Egypt Market2.15%
% of Sector8.80%
Rank by Cap10

Key Figures in '000 EGP

200420032002
Total Assets2,873,3592,631,9312,391,292
Shareholder's Equity1,556,3791,306,6861,404,216
NIAT335,079188,47444,350
DividendsN/A96,000N/A

Financial Ratios

200420032002
Assets Growth9.17%10.06%-7.48%
Earning Growth77.79%324.97%-70.51%
ROaA12.17%7.50%1.78%
ROaE23.41%13.91%3.10%
No. Of Shares64,000,00064,000,00064,000,000
EPS5.242.940.69
EPS Growth77.79%324.97%-70.51%
Payout RatioN/A50.936N/A

Valuation Ratios

Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity




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