Suez Cement Company
| Name | Suez Cement Company | |
| Sector | Manufacturing - Cement and allied products | |
| Trading | CASE | |
| RIC Code | SUCE.CA | |
| Location | EGYPT |
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.
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
| Individuals | N/A |
| Institutions | 63% |
| Floating | N/A |
| Government | 8% |
Board Members (Listed in alphabetical order)
| Director | Alaa El-Din Monir Abdel Wahad |
| Director | El Saied Ahmad Mehasseb Zaid |
| Director | Hussein Kassem Aly Mogawer |
| Director | Mohamed Ahmed Ibrahim Moussa |
| Chairman | Mohammed Sayed Dessouky |
| Director | Moustafa Hassan Mahmoud |
| Director | Nabil Sayed El-Gabry |
| Director | Rodolfo Danielli |
| Director | Souhair Sayed Mahmoud |
| Director | Vittorio Ortolani |
| Director | Yasser Soliman Hesham El Mallawany |
| Director | Yves Rene Nanot |
Stock Performance
Market Information
| Stock | Egypt Index | |
| Last Closing | EGP 65.4 | 3712.73 |
| YTD % | -5.427% | 0% |
| Weekly % | -1.423% | 0.21% |
| Year High | EGP 75.88 | 4251.24 |
| Year Low | EGP 54.93 | 2585.5 |
| 52 Week High | EGP 116.83 | 5096.33 |
| 52 Week Low | EGP 57.02 | 3395.06 |
| BETA | 0.6673 | |
| Outstanding Shares | 128,000,000 | |
| Market Cap | EGP 8,371,200,000 | |
| Market Cap in $ | USD $1,467,344,435 | |
| % of Egypt Market | 2.15% | |
| % of Sector | 8.80% | |
| Rank by Cap | 10 |
Key Figures in '000 EGP
| 2004 | 2003 | 2002 | |
| Total Assets | 2,873,359 | 2,631,931 | 2,391,292 |
| Shareholder's Equity | 1,556,379 | 1,306,686 | 1,404,216 |
| NIAT | 335,079 | 188,474 | 44,350 |
| Dividends | N/A | 96,000 | N/A |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 9.17% | 10.06% | -7.48% |
| Earning Growth | 77.79% | 324.97% | -70.51% |
| ROaA | 12.17% | 7.50% | 1.78% |
| ROaE | 23.41% | 13.91% | 3.10% |
| No. Of Shares | 64,000,000 | 64,000,000 | 64,000,000 |
| EPS | 5.24 | 2.94 | 0.69 |
| EPS Growth | 77.79% | 324.97% | -70.51% |
| Payout Ratio | N/A | 50.936 | N/A |
Valuation Ratios
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| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |

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