Suez Canal authority to sell shares in some units on Egypt bourse

The Suez Canal Authority (SCA) is studying selling shares in some of the companies it owns on Egypt’s stock exchange (EGX), authority chairman Osama Rabie told CNBC Arabia on Tuesday.

Rabie added that the authority is expecting to sell 20 percent stakes in two or three companies. The companies to float in EGX are Canal Rope, and Canal Harbor, and Great Projects, he named, without disclosing an expected timeline.