Suez Canal Authority Considers Floating Some Units

February 15, 2022

© donvictori0 / Adobe Stock
© donvictori0 / Adobe Stock

The Suez Canal Authority is considering listing shares of some of the companies it owns on Egypt's stock exchange, authority chairman Osama Rabie told CNBC Arabia on Tuesday.

Rabie added that the authority expects to sell 20% stakes in two or three companies. He identified the companies Canal Rope, and Canal Harbor and Great Projects.


(Reporting by Lilian Wagdy; Editing by Peter Graff)

Logistics News

Stolt-Nielsen Limited Executive Management Update

Stolt-Nielsen Limited Executive Management Update

Trump Administration Seeks to Negotiate with China on Shipping

Trump Administration Seeks to Negotiate with China on Shipping

CMA CGM Reverses Mali Suspension

CMA CGM Reverses Mali Suspension

LNG Canada Starts Up Kitimat Train 2

LNG Canada Starts Up Kitimat Train 2

Subscribe for Maritime Logistics Professional E‑News

Two Russian oil tankers drop anchor in the sea as a sign that sanctions are hitting sales
UPS grounds its MD-11 fleet after Louisville crash
US cuts flights for a second day as the shutdown continues