VOL. XLIII
No. 33
14-August-2000
EGYPT
Egypts Al-Ahram Beverage Company Announces $10Mn Share Buy Back
Egypts leading beer producer Al-Ahram Beverages Company (ABC) on 8 August announced a $10mn share buy-back program. According to a Cairo-based EFG-Hermes NewsFlash, the buy-back reflects the companys confidence in first half 2000 financial results, which should be released on 15 August. ABC management described its financial performance as respectable. ABC has denied rumors that its Giza brewery...
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