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Thndr Claps » EGY Claps » Economy 🏙 » Suez Canal Authority Plans to List Stakes in Subsidiaries🔔

Suez Canal Authority Plans to List Stakes in Subsidiaries🔔

by Shams Abbas
February 16, 2022

The Suez Canal Authority (SCA) plans to list 20% stakes in two or three of its companies on the EGX namely Canal Rope, Canal Harbor, & Great Projects.

More Details🧐 The authority’s chairman Osama Rabie revealed during his interview with CNBC, that he expects the authority’s capital fund to reach EGP 100 billion in the next five years. He also mentioned that the canal is set to expand its two-way section by 10km.

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