SCA Chairman Osama Rabie
SCA Chairman Osama Rabie

Suez Canal Eyes Listing Up to 15% of 3 Subsidiaries on EGX by End of 2022: Chairman


The Suez Canal Authority (SCA) is eyeing selling 10-15 percent in three of its subsidiaries on Egypt's stock exchange by the end of this year, SCA Chairman Osama Rabie told Al Arabiya yesterday.

He revealed that studies are underway with the Ministry of Finance.

In February, Rabie said that the SCA was considering selling 20 percent stakes in two or three of its companies on the Egyptian Exchange, adding that Canal Rope Company and Canal Harbor & Great Projects Company were two of the companies considered by the SCA.