Sports clubs can be listed on the EGX -investment bankers

Sports clubs can now be listed on the EGX under the new Sports Act that allows sportscompanies to be established for profit, EFG Hermes Co-head of Investment Banking Mostafa Gad tells Al Mal. The older Sports Act had counted Sports Clubs as non-profit organizations. Pharos Holding is considering getting in on the game and managing the establishment of joint stock sports companies in the future, according to Pharos Holding Managing Director of Investment Banking Sherif Abdel Aal.