News Column

Ministry of petroleum to plan IPO for number of new petrochemical companies

February 16, 2014

Arab Finance : Ministry for Petroleum and Natural Resources is studying the possibility of setting up a number of new companies through an initial public offering.

Engineer Sherif Ismail, the minister of petroleum and mineral resources, stated that after the amendment of the listing rules in the stock market the ministry is thinking about the possibility of establishing a number of petrochemical companies and financing part of its capital through the stock market. Source: Alborsa newspaper & Arab Finance editor Source: Alborsa newspaper & Arab Finance editor

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Source: Arab Finance (Egypt)

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