National cement company to be liquidated

CAIRO - 3 October 2018: The general assembly of the National Company of Cement agreed to liquidate the public sector company over continued financial losses and debts.

The decision was taken on Tuesday after going through a report by a consultancy office assigned to examine whether or not to keep the company operational.

The report blamed the disastrous policies of the irresponsible boards that were at the helm in the company since 1996 for its deteriorating conditions, calling for bringing their chiefs and members to justice.