Founded in 1997, Sinai Cement produced 4.5 million tonnes of cement and clinker in the first nine months of 2025, while revenue grew 50% to $139 million and net profit declined 44% to $32 million. Vicat Egypt is the largest shareholder, holding a 77.6% stake as of December 2025. In July 2025, it submitted a mandatory tender offer to acquire the remaining 22.4% stake in Sinai Cement.