Sector: Construction and Allied
Main Investment Segment
KES 5.55
End of day - Aug 17, 2018
Price Information
Previous:
5.55
Open:
-
Average:
5.55
Deals:
-
Volume:
-
Turnover:
-
RANGE
Day:
- - -
52-week:
5.55 - 5.55
Other Information
Average Volume:
538,280
BETA:
-0.19
Shares Issued:
959.94M
Year End:
December 31
Par Value:
-
Profile
ARM Cement Ltd. manufactures sodium silicate, lime, industrial minerals, formulated fertilizers and building products in East and Southern Africa. The company's business segments include Cement & Lime and Other Products. Among the products that the company produces are high quality composite portland cement manufactured as CEM II manufactured by inter-grinding high strength clinker, reactive natural pozzolana and high purity gypsum, CEM 1, 42.5 N manufactured with high strength clinker and specifically engineered for structural concrete works where high strength concrete is critical. The Company produces a large range of industrial mineral products for use in the manufacturing industry. Minerals such as limestone, calcite, dolomite, feldspar, kaolin, gypsum, bentonite and barytes form an essential component of many industrial products
ARM recently announced plans to cede a controlling stake to a strategic investor after it opted to offer new ordinary shares to the new partner at buyout cost KES 14 billion cash injection and pay an undisclosed annual interest on the preference shares which were to be converted to equity in 2023. This is meant to strengthen the financial position of the company as it executes its regional growth plans.
