Egypt’s Alexandria Portland Cement has sold an unexploited plot of land in Ad Dakhilah, according to a statement to the stock exchange. Situated on 15,852m2, the plot was sold for a consideration of EGP31.7m (US$1.9m).

The company saw its losses widen 29.5 per cent YoY to EGP168.99m during the first half of 2019.