
Egyptian Iron & Steel launches new company for mining, quarrying
The decision was made during an extraordinary general assembly on Monday. In a statement, the company said the new joint stock company will be owned by the same current shareholders.
The decision was made during an extraordinary general assembly on Monday. In a statement, the company said the new joint stock company will be owned by the same current shareholders.
The Egyptian Iron and Steel Company, one of the public sector companies, managed to reduce its losses in the first quarter (Q1) of the current fiscal year compared to the same period last year. According to the company’s statement to Daily News Egypt, it had a loss of EGP 191m, compared to EGP 233.6m in …