Cairo – Mubasher: General Company for Ceramic and Porcelain Products (Sheeni) said it studies the different alternatives to finance the plant it intends to establish in Beni Suef.
The company studies the pros and cons of either obtaining a credit facility or raising the funds it needs through a right issue on the Egyptian Exchange (EGX).
Sheeni pointed out that it did not determine yet the projects' estimated investment cost.
Previous news reports cited the company's chairman who said that the new plant's preliminary investments amounts to nearly EGP 270 million.
Sheeni reported earlier net profits of EGP 8.9 million in the first five-months of FY15/16, up from EGP 5.1 million for the same period of FY14/15.
