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.