Prime Holding (PRMH) CEO Mohamed Maher revealed that 66% of the company will be listed on the EGX by the end of this month.
More details🧐 Maher explained that Ghazl Al-Mahalla Football Company was established separately from Ghazl Al-Mahalla Factories. He added that sports companies make a profit by buying unknown players, raising players within clubs, & then selling them again.
A Football Club on a Stock Exchange?🤨 Although this IPO would mark the first publicly listed football club on the EGX, there are several publicly listed football clubs in other stock exchanges. Some of the most prominent clubs include England’s Manchester United (MANU), Italy’s Juventus (JUV) & AS Roma (ASR), Germany’s Borussia Dortmund (BVB), Netherlands’ Ajax (AJAX), & Scotland’s Celtic (CCP).