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)



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