Egypt’s Ghazl El-Mahalla Sporting Club to be listed on EGX

Prime Holding CEO Mohamed Maher said that the first step of listing Egypt's Ghazl El Mahalla on the Egyptian Exchange (EGX) will be implemented with the upcoming two months.

In a press conference, he expected that the revenue of this list will be EGP 135 Million.

Earlier, Egypt’s Ministry of Public Business Sector is planning to establish a joint-stock company to list Ghazl El-Mahalla Sporting Club on the Egyptian Exchange (EGX).

There is no intention to sell the club, the Minister, Hisham Tawfik, affirmed in a statement on Monday, noting that the stadium and football fields will be offered on a usufruct basis.

The Prime Minister, Mostafa Madbouly, has tentatively approved the proposal.