EGX | Egypt Oil & Gas - Part 2

Egypt’s IPO Activity Surges in 2018

Four IPOs that were valued at $315 million took place in 2018 on EGX, compared to the $179 million from the previous IPOs in 2017.

ERC Commercial Operations to Start in Q3 2019

ERC is 99.28% complete, and the diesel producing unit has been successfully tested.

Negotiations Begin for Egyptian Energy Exchange Market

The Ministry of Petroleum and the Egyptian Exchange have begun negotiations regarding the creation of a natural gas exchange market.

Enppi to List 15% Stake on EGX

Engineering for the Petroleum and Process Industries (Enppi) is set to sell around 15% of its shares in an initial public offering on the Egyptian Exchange Market (EGX).

Egypt Gas Shareholders Approve Dividend Payouts

Egypt Gas's general assembly has authorized the company to pay out dividends of EGP 1 per share.

Electricity Ministry Delays IPOs

The Egyptian Ministry of Electricity and Renewable Resources has delayed the initial public offerings of three firms onto the Egyptian Exchange until electricity subsidies are lifted.

Enppi IPO Delayed to End of 2018

The initial public offering (IPO) of 24% of the Engineering for the Petroleum and Process Industries (Enppi)’s stakes in the Egyptian Exchange Market (EGX) will take place at the end of 2018, said Mohamed Hathout, ...

AMOC Invited to Cross List on Dubai Exchange

Nasdaq Dubai proposed that Alexandria Mineral Oils Company (AMOC) cross list some of its shares on the Dubai stock market.

MPC Listing in EGX to Start in Two Months

The initial public offering (IPO) of Misr Petroleum Company (MPC) will start in two months as the company has already been evaluated. The listing comes in line with the government's plan to list state-owned companies.

National Drilling to Regularize Status in the EGX

National Drilling Company will meet financial regulators requirements in 6 months.

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