American Automotive Mulls Listing Shares In EGX, $10 Mln Capital

Masour ElBarbary, the CEO of American Automotive Co., said on Monday the company is currently studying the possibilities of listing its shares in the Egyptian Exchange (EGX) within the coming year.

ElBarbary further added that the company is also working on investment feasibility studies on the advantages of listing the shares in the EGX. After concluding the studies, American Automotive Co. will make its final decision whether to go for EGX-listing or not, he noted.

ElBarbary also stated that the company’s capitalization is worth $10 million. American Automotive is targeting boosting its volume of car spare parts exports to some neighboring countries, noting that exports to the Libyan as well as the Saudi markets have been resumed.

It is worth noting that Mansour ElBarbary is the founder and the CEO of the El Barbary Investment Group which is known as BIG Trade and Investment (BIGP). Stocks of BIG Trade and Investment are listed in the Egyptian Exchange for the Small and Medium enterprises (NILEX) since June 2010.