Egypt's gold reserves surges to $16.55b in October – CBE    Egypt's MSMEDA helps 18,000 SMEs win EGP 1.25b in state contracts    Giant CMA CGM ship transits Suez Canal, signaling return of megavessels    Suez Canal sees largest container ship in two years as traffic returns    Egypt's government complaints system received 193,000 requests in October    Egypt launches world's largest palm farm in Toshka, Al-Owainat with 2.3 million trees    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    Iraq's PM says holding elections on schedule is a 'major event' for the state    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    Egypt to adopt World Bank Human Capital Report as roadmap for government policy    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches new cancer pharmaceuticals sector to boost drug industry localization    Egypt, Albania discuss expanding healthcare cooperation    25 injured after minibus overturns on Cairo–Sokhna road    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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



Port Said Container and Cargo Handling plans to offer 15% stake on EGX in 2023
CI Capital to act as financial adviser, FinBi to conduct a fair value study
Fatma Salah Farouk Halbawi Published in Daily News Egypt on 06 - 12 - 2022

Port Said Container and Cargo Handling — the operator of the West Port Said Container Terminal — is preparing to offer part of its shares on the Egyptian Exchange (EGX) in 2023.
Informed sources told Daily News Egypt that the company plans to offer about 15% of its shares on the EGX in the first half (1H) of next year.
The sources added that CI Capital will act as the financial adviser for the offering, while FinBi Financial Consulting will conduct the fair value study.
The sources indicated that the offering aims to finance the expansions that the company plans to make in West Port Said Port.
The Listing Committee of the EGX has temporarily registered the shares of the Company with a capital of EGP 164.1m distributed over 32.8 million shares with a nominal value of EGP 5 per share.
The company's shares will be listed on the stock exchange's database as of Wednesday after completing the period for publishing the listing application — which is five working days — in implementation of Clause (2) of Article (6) of the executive procedures for the rules for listing and continuing the listing and delisting of securities.
This is provided that the company is part of the transportation and freight services sector and has the ticker stock symbol, which is POCO.CA.
Chairperson of the EGX Ramy El-Dokany said that the EGX has registered a government company in preparation for the offering and is about to receive about five new companies soon.
Port Said Container and Cargo Handling recently put forward a number of tenders within the framework of development plans and rehabilitation of the revenue and customer service building in the dry port in the 10th of Ramadan City.
The area of the dry port is estimated at about 80,000 sqm, its container handling capacity reaches 6,000 TEUs/general cargo, and the common warehouse area is about 2,000 sqm.
The company built the port in 1996 as part of plans to develop multiple means of transport.

Clic here to read the story from its source.