Khayah Cement delists from Zimbabwe Stock Exchange

The Zimbabwe Stock Exchange (ZSE) has officially announced the voluntary termination of listing for Khayah Cement Limited, effective May 22, 2025, following the company's decision to enter corporate rescue proceedings.

The move comes after Khayah Cement's board of directors voluntarily placed the company under corporate rescue, a strategic measure intended to protect the business and its stakeholders amid financial distress.

In a statement, ZSE confirmed that on May 19, 2025, shareholders of Khayah Cement passed a resolution in line with Section 11 of the ZSE Listing Requirements to voluntarily terminate the company's listing from the local bourse.

Following the resolution, the ZSE sought and secured approval from the Securities and Exchange Commission of Zimbabwe (SECZ), in accordance with Section 64 (1)(a)(i) of the Securities and Exchange Act [Cap 24.25], to proceed with the delisting.

The ZSE advised all security holders of Khayah Cement that, in terms of Section 15 (d) of the ZSE Listing Requirements, the company's securities ceased trading on the stock exchange effective May 22, 2025.

"Investors holding Khayah Cement securities should note that these can no longer be traded on the Zimbabwe Stock Exchange following the delisting," said the ZSE in a formal notice.

Khayah Cement, previously a notable player in Zimbabwe's construction and manufacturing sector, now joins the growing list of companies turning to corporate rescue as an attempt to restructure operations and avoid full liquidation.

Market analysts say the delisting reflects the broader economic challenges facing capital-intensive sectors in Zimbabwe, particularly in the wake of constrained liquidity, rising operational costs, and volatile currency dynamics.

The ZSE has encouraged stakeholders to follow updates regarding Khayah Cement's corporate rescue process, which will now proceed under the supervision of a registered corporate rescue practitioner.