Cairo - Mubasher: Egypt is planning to list Ghazl El-Mahalla Sporting Club on the Egyptian Exchange (EGX) before the beginning of the new season, Minister of Public Business Sector Hisham Tawfik revealed.
It is planned to offer EGP 135 million worth of shares on the EGX, including EGP 100 million to be raised in a public offering, Tawfik said in a statement on Sunday.
On a side note, Tawfik added that the ministry will choose between two offers from India and China to locally produce pharmaceutical raw materials.
He noted that the state-run Holding Company for Pharmaceuticals (HoldiPharma) has eight subsidiary companies that used to produce Egypt's entire needs of pharmaceutical raw materials.
