Displaying items by tag: delist

UAE: RAK White Cement recorded consolidated sales of US$67.4m in 2022, up by 3.3% year-on-year from US$65.3m in 2021. The producer recorded a 36% year-on-year profit drop to US$5.74m from US$8.95m.

During the third quarter of the year, RAK White Cement secured the approval of its board of directors to delist its shares from the Boursa Kuwait stock exchange.

France/Switzerland: Holcim plans to delist all shares from the Euronext Paris exchange. Shares in the Switzerland-based group will continue to trade on the SIX Swiss Exchange. The cement producer explained its decision in terms of its need to simplify its trading structure. It expects thereby to further reduce its administrative costs and requirements.

Egypt: Alexandria Development Ltd, which owns an 88.93% stake in Alexandria Portland Cement, has submitted an offer for the remaining 11.07% of the company. In a statement to the Egyptian Exchange it stated its intention to delist Alexandria Portland Cement after completing its acquisition of the latter. Alexandria Development Ltd’s indirect owner is Greece-based Titan Cement.