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154 KTPA
Al-Takamol Sales Volume (4Q22)
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414 KTPA
Zahana Sales Volume (4Q22)
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1.5 MTPA
Managed Clinker Production (4Q22)
From Egypt to Algeria and Sudan, Qalaa Holdings’ companies in the cement sector produce high-quality building materials that meet international environmental standards, while helping build critical national infrastructure in Africa and the Middle East. Qalaa Holdings, through its subsidiary company ASEC Holding, has pursued promising opportunities in regional markets with strong fundamentals where the demand for cement continues to outpace supply.
Despite recent instability in the MENA region, strong fundamentals such as large growing populations, abundant raw materials and low production costs will eventually lure back high levels of public and private investment into infrastructure and industrial modernization initiatives, boosting demand for cement. Our investments in cement production, construction and engineering management directly address this demand and help build infrastructure to support the region’s growth.
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Qalaa Holdings’ cement subsidiary is ASEC Holding, a leading regional cement, engineering and construction group with operations spanning Africa and the Middle East. With over 30 years of experience, ASEC’s portfolio of services includes plant design and engineering, technical management, automation and construction...
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Qalaa’s Cement Subsidiaries Sign a Preliminary Agreement to Exit Algerian Cement Plant Djelfa in US$ 60 million Transaction
Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in energy and infrastructure, announces today that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have signed a preliminary Share Purchase Framework Agreement (subject to certain terms and conditions) to sell 100% of ASEC Ciment Algérie “AACC” (Djelfa) for consideration of US$ 60 million in DZD equivalent. The acquiring party is a consortium of Algerian investors.
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ASEC Cement Closes Sale of ASEC Minya Cement and ASEC Ready Mix to Misr Cement Qena
Qalaa Holdings business unit ASEC Cement has concluded the c. EGP 1 billion sale of its stakes in subsidiaries ASEC Minya Cement and ASEC Ready Mix to Misr Cement Qena
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ASEC Cement and Misr Cement Qena Sign Sale & Purchase Agreement for ASEC Minya Cement and ASEC Ready Mix
Qalaa Holdings sells its stakes in cement subsidiaries ASEC Minya Cement and ASEC Ready Mix to Misr Cement Qena for c. EGP 1 billion implying a value of EGP c. 2.1 billion for a 100% stake in both companies
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ASEC Engineering Signs Plant Management Agreement in Ethiopia
One-year contract is renewable for a five-year term, follows on heels of successful entry to Mozambique market.
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Qalaa Holdings’ ASEC Engineering and AUC to Celebrate Graduation of the Inaugural Class of Professional Diploma for Cement Industry
Collaborative effort between ASEC Engineering and the American University in Cairo’s Engineering and Science Services Department offers students professional training and degrees in highly specialized fields in Cement engineering and management
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Read Biography
TAREK EL GAMMAL
ASEC Cement - CEOTAREK EL GAMMAL
ASEC Cement - CEOMr. El Gammal joined ASEC Cement in March 2008 as Strategic Planning Director and was promoted to Chief Financial Officer in January 2010. Prior to joining ASEC Cement, he spent eight years at CEMEX worldwide where he held a range of posts in both emerging and mature markets including Egypt, Spain, Germany and Puerto Rico where he was responsible for Strategic Planning, Marketing & Integrated Areas. Before CEMEX, Mr. El Gammal was Corporate Finance Manager at Egyptian Anglo for Financial Investments, a boutique investment banking firm that provided corporate finance and portfolio management services. He holds an MBA from the American University in Cairo.
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Alaa Ismail
Chairman and Managing Director of NDTAlaa Ismail
Chairman and Managing Director of NDT