Myanmar police fire stun grenades as Southeast Asian ministers aim for talks    COVID-19 pandemic fuels attacks on health workers globally    Military projectile fell in Saudi Arabia's Jazan, injured five civilians    Tennis: Murray feels like playing for his career in every match    Johnson backs UK bid for 2030 World Cup, offers stadiums for Euro 2020 games    Egyptian Premier League fixtures (15th matchday)    Nigerian governor says 279 kidnapped schoolgirls are freed    Chinese vaccines sweep much of the world, despite concerns    Kuwaiti cabinet proposes new amendments to debt law, MP says    Beltone Financial Holding's loss widens 45% in 2020    Saudia plans to order 70 Airbus, Boeing jets: Report    FACTBOX: Key winners at the 2021 Golden Globes    Enhanced Labs signs Mr. Olympia 2020 "Big Ramy" And His Trainer Dennis James    Syria begins COVID-19 vaccinations with healthcare workers    EFG Hermes starts 3rd round of its Virtual Investor Conference    Even more chaotic than usual, Golden Globes still had their moments    EFG Hermes KSA completes advisory on Alkhorayef Water & Power Technologies' $ 144 mn IPO    State keen on completing Nile water quality improvement projects in 2 years: Egypt PM    Egyptian actress Ahlam El-Geretly dies at age 73    1st hours of registration for coronavirus vaccine seen 7,000 Egyptians signing up: ministry    Second coronavirus wave in Egypt more serious, widespread: statistics authority    Egypt lifts ban on Ramadan's Taraweeh prayers in some mosques coronavirus continues for a 2nd year    Egypt briefs Arab, European ambassadors on developments in GERD dispute    Eschewing the radical    Senate prepares for its first session    King Tutankhamun funerary mask is must-see tourist icon: The Telegraph    Russian flights to return to Sharm el-Sheikh and Hurghada for first time since 2015    Australia slams Facebook's move to block news as unnecessary and heavy-handed    Sisi calls on securing fair access to coronavirus vaccines for African nations    Egypt eyes gradual return for tourism after revenues fall to $4 bln in 2020    Seasoned Egyptian screenwriter Wahid Hamed dies at 76    Coronavirus strikes Egypt's youth team as 17 players, coach test positive    Nassef Sawiris plans to up his stake in owner of New York Knicks, Rangers    Cairo International Book Fair suspended for five months over coronavirus concerns    Egypt, Ethiopia, Sudan to resume Nile dam talks today    Trump says won't blame Egypt for being ‘upset' over GERD dispute with Ethiopia    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Egypt's TAQA Arabia IPO may be delayed to beyond Q1-2022
Published in Amwal Al Ghad on 27 - 01 - 2021

TAQA Arabia plans to delay its planned initial public offering (IPO) on Egypt's stock market (EGX) to at least for the next five quarters, a source with knowledge of the matter told Daily News Egypt on Tuesday.
The decision is due to on the weak markets and lack of investment appetite, with the company's IPO plans potentially stretching beyond the first quarter of 2022, the source added.
TAQA Arabia, a major natural gas distributor in Egypt and part of Qalaa Holdings, has ended financial year 2019/20 with 14 new gas stations, and is planning to add 40 stations over 2021, in addition to 60 stations in 2022 and 80 stations in 2023.
The company's management referred that the yearly revenue per natural gas (CNG) station stands between 3 million and 3.5 million Egyptian pounds ($190,705 – $ 222,489).
TAQA is also anticipating a positive impact on its earnings from the new electric sub-station in 6th of October, which is set to open within 2-3 weeks. The company's management recently announced a deal struck with Dina Farms, which will see the latter supply the former with electricity through a 6MW photovoltaic station.


Clic here to read the story from its source.