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Thndr Claps » EGY Claps » EGX 🔔 » KIMA readies itself to list additional stake on EGX

KIMA readies itself to list additional stake on EGX

by Shams Abbas
December 3, 2022

The Clap
The Minister of Public Enterprise said that state-owned chemical fertilizer player “KIMA” (EGCH) is getting ready to offer another stake on the EGX.

What
The company wants to raise some $300 million from this offering to finance the development of its factory.

So what
The company has been eyeing this move for a while, as part of the state-privatization program.

Now what
Other state-owned companies are planning to offer additional stakes on the EGX, most notably Heliopolos Housing (HELI).

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