The Public Enterprises Ministry is planning to open state-affiliated football club Ghazl El Mahalla to private sector investment, minister Hisham Tawfik told Al Mal. The club could be operated through a JV in which the government would hold no more than a 24% stake, with the remaining 76% owned by private sector investors. Tawfik suggested that private investment could allow the club to follow in the path of Pyramids FC, which was bought by Saudi investor Turki Al Sheikh last year.

Tags: