The Egyptian Exchange’s (EGX) listing committee approved the voluntary delisting of Suez Cement Group from EGX, according to a disclosure released on December 29th.

Suez Cement's capital amounts to EGP 909,282,535 distributed on 181,856,507 shares, at a par value of EGP 5 per each.

The company purchased the shares of dissenting shareholders at EGP 7.50 per each.

Earlier, EGX announced the execution of  HeidelbergCement France's MTO for Suez Cement's 25,736,191 shares.

Established in 1979 and listed in 1995, Suez Cement is a public company that operates within the materials sector focusing on construction materials.