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Thndr Claps » EGY Claps » IPO Watch 👀 » Suez Canal Authority Plans to List Two Subsidiaries🔔

Suez Canal Authority Plans to List Two Subsidiaries🔔

by Shams Abbas
February 21, 2022

Suez Canal Authority (SCA) chairman Osama Rabie, said that the authority plans to offer two of its subsidiaries, namely “Canal Harbor & Great Projects” & “Canal Rope”, on the EGX next year.

More Details🧐 Canal Harbor & Great Projects is specialized in marine works including construction and repair of floating equipment, as well as civil works including earthworks, deep foundations, water, and fuel tanks.

Canal Rope is specialized in all kinds of ropes and twines, natural or synthetic, as well as woven bags.

Why is this Important🤔 SCA is currently establishing a fund that aims to contribute to the sustainable economic development of the Authority’s facility. The fund would have initial investments of about EGP 2 billion & could reach EGP 100 billion.

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