Answers for frequently asked questions
Below are the most frequent questions from shareholders. Please, click on "answer" on the right side below each question and an appropriate answer will scroll down.
When was the company established?
Al Badia Cement was established in 2006 in Syria, as a Joint Stock Company, by group of investors at an investment cost of 400 million US dollars. The first production line with an annual capacity of 1.6 million tons of Portland cement was completed, with the possibility of future expansion for the second phase, to achieve the total capacity of 3.2 million ton/year after the completion of the second production line.
What is the company’s main scope of business?
Production of Portland Cement (Ordinary) and Portland Complex Cement (Multiuse).
When was the first cement production in Al Badia Cement plant?
Actual production began during the first quarter of 2011 to be one of the high-tech cement plants operated in accordance with the most advanced and environmentally friendly technologies in the Middle East. The marketing operations of “Al Jamal brand” Portland Cement (Ordinary) & Portland Complex Cement (Multiuse) was started during the year 2011.
What is the capital of Al Badia Cement Company? What is the number of shares?
The company established in 2008 with capital (SYP 12,200,000,000), 80% of the capital payments obtained as per the payment schedule defined in the company’s prospectus, Al Badia Cement General Assembly held on 8th June 2011 ratified the decision to reduce the company capital from 12.2 to 9.76 billion Syrian Pounds by not calling the fifth capital payment, as the paid capital payments and banking finance cover the needs of the company funding.
As well as during the General Assembly Al Badia Cement ratified splitting the company's shares from /400/ to /100/ Syrian Pounds in accordance with the Companies law No. /29/ issued in 2011; Based on the Syrian Commission on Financial Markets and Securities resolution No. /115/ issued on 25th October 2011 Al Badia Cement implemented the splitting shares nominal value, where the number of company shares amounted to 97.6 million shares.
The main purpose of splitting shares nominal value is to facilitate and promote trading shares in the stock market.
What is the official document which proofs the shareholder’s ownership?
In 2009 Al Badia Cement issued temporary certificates, to clarify the name, number of owned shares and capital payments.
Based on the capital payments completion, Al Badia Cement issued permanent certificates during the year 2012. Shareholders may contact the Investor Relations Department to inquire about the procedures of receiving the certificate. For more information please visit the published announcement about “Issuing Permanent Certificates”.
What is meant by General Assembly meeting of the company?
Upon an invitation from the Board of Directors the company holds the Ordinary General Assembly meeting once a year at least, during the four months following the end of the company’s fiscal year, where the Board of Directors Annual Report is reviewed and discussed as well as discusses the distribution of profits in case achieved. Each shareholder has the right to attend the meeting and vote on its decisions.
Is there a specific date for the General Assembly Meeting?
The company invites shareholders to the General Assembly Meetings through announcement published twice in two daily local newspapers, in addition to the invitation sent to the available shareholders’ E-mails.
How can the shareholder access to the decisions taken during the meetings of the General Assembly?
After the General Assembly Meeting the Investor Relations Department provide the shareholders via e-mail with a summary of the General Assembly issued decisions, in addition to the possibility of checking the decisions by contacting the Investor Relations Department or through checking the investor relations page on company's website.
How can shareholders review the company’s Annual Report?
Company's Annual Report is usually issued in March or April prior to the GA meeting, shareholders can receive a copy of the company Annual Report individually from the Investor Relations Department, at the Headquarters of the company; also they can access the annual report through the company's website at the following link:
How can shareholders review the company’s Financial Statements?
Company's Financial Statements are published periodically through the company's website at the following link:
In addition the Financial Statements are published via the Syrian Commission on Financial Markets and Securities website.
What is the company's fiscal year-end?
The fiscal year ends on 31st of December.
Did Al Badia Cement declare any dividends in the previous years?
The Company has not declared any dividends during the previous years; shareholders are able to contact the Investor Relations Department via phone or E-mail to review the General Assembly Minutes of Meeting.
When will Al Badia Cement declare dividends?
Dividends are discussed and approved during the General Assembly meeting held in the year following the fiscal year where the company achieved net profit. Later on; the company publishes in the official newspapers the endorsed dividends and the distribution mechanism to the shareholders.
Is there Trading Room in Al Badia Cement Company?
Currently there is no trading room for Al Badia Cement Shares, however the shareholders or investors are able to contact the Investor Relations Department to inform them of buying or selling shares intention, where the department contact them directly in case the company opens a trading room.
What is the current market price of Al Badia Cement share?
Al Badia Cement shares are not listed in the Damascus Securities Exchange; therefore information about the market value is not available.
How can the shareholders buy or sell Al Badia Cement shares?
Transferring share process required coordination with the Investor Relations Department to arrange an appointment for signing the contract, in case the two parts are available either through direct contacting between the shareholder and the parties interested in trading shares or through contacting the brokerage Firms, which are authorized by the Syrian Commission on Financial Markets and Securities.
Brokerage Firms’ information are available on the Syrian Commission on Financial Markets and Securities website (For more information please click here).
Is there a defined commission for the transaction of transferring shares?
The transaction of transferring shares does not require any commission; nonetheless each contract should be stamped with (financial, local administration and reconstruction stamps) worth of /550/ Syrian Pounds.
How can I contact Investor Relations Department?
You may contact Investor Relations by clicking here or via E-mail , or calling the landline number+963119798 or sending the inquiry to department’s whatsApp on +963958004584.
Investor Relations Department
Tel: +963 11 9798 \ Ext: 12
Fax: +963 11 2140095