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FINANCIAL NEWS
Misr Cement buys Qalaa Holding’s affiliates for USD125m
23 Nov 2015
(MENAFN) Egypt’s Misr Cement Qena purchased local ASEC Minya Cement and ASEC Ready Mix affiliated to Qalaa Holding for USD125 million, based on reports.
Qalaa Holding stated that going through with the deal will work on shrinking the debts on the level of the company and its subsidiaries by about USD117.4 million.
Moreover, Qalaa Holding’s strategy in 2015 targets taking down debts by exiting from some companies plus increasing its investments in some top affiliates.
Qalaa Holding, one of the biggest investment firms in Egypt, manages assets worth USD9.5 billion, among which are dozens of firms located mainly in Egypt.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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