Al Ahly converting 10% of its shares in AMOC shares to GDRs

Al Ahly Capital is actually intending on converting 10% of its shares in Alexandria Mineral Oils Company (AMOC) to Global Depository Receipts (GDR) by the end of 2017, a senior official from the company tells Al Shorouk. It had previously been reported that Al Ahly will convert 39.5% of their stake in AMOC (or 10% of the company) to GDRs in early 2018.