International Buyers Flock to "Cairo Fashion & Tex" to Secure Egyptian Export Deals    AECSD, AMEDA conclude landmark summit, highlighting global CSD innovations    Egypt's Ras El-Hekma Megaproject: Modon Holding Secures Key Partners for    Cairo Fashion & Tex Exhibition Opens with 550 Exhibitors    Russia's private sector activity contracts in September '24    Egypt's CBE auctions EGP 10b fixed coupon T-bonds    US to award $100m to advance AI in semiconductor manufacturing    8 Israeli soldiers killed in Hezbollah ambushes in Lebanon    Rapid regional developments impact economy: Prime Minister    Egypt's Environment Minister reviews updates of 'Safe Haven' project in Fayoum    WhatsApp Introduces Filters and Backgrounds for Video Calls    Cairo Urban Week Kicks Off October 27: A Celebration of Sustainability, Art, and Urban Development    Egypt's Environment Minister addresses local, regional sustainable energy challenges    Egypt, France discuss boosting cooperation in health sector    Korea Culture Week wraps up at Cairo Opera House    Spain's La Brindadora Roja, Fanika dance troupes participate in She Arts Festival    Colombia unveils $40b investment plan for climate transition    EU pledges €260m to Gavi, boosts global vaccination efforts    China, S. Korea urge closer ties amid global turmoil    ABK-Egypt staff volunteer in medical convoys for children in Al-Beheira    Egypt's Endowments Ministry allocates EGP50m in interest-free loans    Kabaddi: Ancient Indian sport gaining popularity in Egypt    Ecuador's drought forces further power cuts    Al-Sisi orders sports system overhaul after Paris Olympics    Basketball Africa League Future Pros returns for 2nd season    Egypt joins Africa's FEDA    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    Who leads the economic portfolios in Egypt's new Cabinet?    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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    Egypt records 36 new deaths from Covid-19, highest since mid June    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt sells $3 bln US-dollar dominated eurobonds    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    







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.