Egypt’s Ghazl El-Mahalla Sporting Club will be listed on EGX

Egypt’s Ministry of Public Business Sector is planning to establish a joint-stock company to list Ghazl El-Mahalla Sporting Club on the Egyptian Exchange (EGX).

There is no intention to sell the club, the Minister, Hisham Tawfik, affirmed in a statement on Monday, noting that the stadium and football fields will be offered on a usufruct basis.

The Prime Minister, Mostafa Madbouly, has tentatively approved the proposal.