{"id":562399,"date":"2021-05-23T04:06:46","date_gmt":"2021-05-23T04:06:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/"},"modified":"2021-05-23T04:06:46","modified_gmt":"2021-05-23T04:06:46","slug":"egyptian-iron-steel-mining-spinoff-inches-closer-to-listing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/","title":{"rendered":"Egyptian Iron + Steel mining spinoff inches closer to listing"},"content":{"rendered":"

The listing of Egyptian Iron and <\/strong>Steel\u2019s mining<\/strong> spinoff edged closer last week<\/strong> after the Financial Regulatory Authority (FRA) gave the all-clear for the company\u2019s registration and trading on the EGX, the regulator said in a bourse filing (pdf)<\/a>. The EGX is yet to announce a date for when the new company\u2019s shares will be listed. Egyptian Iron and Steel is being liquidated in a two-year process<\/a> that includes spinning off its mining operations into Iron and Steel for Mines and Quarries.<\/p>\n","protected":false},"excerpt":{"rendered":"

The listing of Egyptian Iron and Steel\u2019s mining spinoff edged closer last week after the Financial Regulatory Authority (FRA) gave the all-clear for the company\u2019s registration and trading on the EGX, the regulator said in a bourse filing (pdf). The EGX is yet to announce a date for when the new company\u2019s shares will be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,68,1961,72,76,2188,3199,259],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562399","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-egx","tag-egyptian-iron-and-steel","tag-enterpriseam","tag-financial-regulatory-authority","tag-hala-zayed","tag-health-minister","tag-health-ministry","wpautop","entry"],"acf":{"mongo_id":"b86a18dc-8bc2-4df9-ac7e-1bdf9f627606","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562376],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian Iron + Steel mining spinoff inches closer to listing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian Iron + Steel mining spinoff inches closer to listing\" \/>\n<meta property=\"og:description\" content=\"The listing of Egyptian Iron and Steel\u2019s mining spinoff edged closer last week after the Financial Regulatory Authority (FRA) gave the all-clear for the company\u2019s registration and trading on the EGX, the regulator said in a bourse filing (pdf). The EGX is yet to announce a date for when the new company\u2019s shares will be […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-23T04:06:46+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian Iron + Steel mining spinoff inches closer to listing\",\"datePublished\":\"2021-05-23T04:06:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"EGX\",\"Egyptian Iron and Steel\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"Hala Zayed\",\"Health Minister\",\"Health Ministry\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/\",\"name\":\"Egyptian Iron + Steel mining spinoff inches closer to listing - 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The Financial Regulatory Authority (FRA) gave on Thursday the\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566080,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/","url_meta":{"origin":562399,"position":1},"title":"Iron and Steel for Mines and Quarries to list tomorrow","author":"enterpriseam admin","date":"26 May 2021","format":false,"excerpt":"Shares of state-owned Egyptian Iron and Steel\u2019s mining spinoff \u2014 Iron and Steel for Mines and Quarries \u2014 will be listed on EGX at the end of tomorrow\u2019s session after the EGX\u2019s securities registration committee this morning greenlit the move, according to a bourse disclosure(pdf). Egyptian Iron and Steel\u2019s five-working-day\u2026","rel":"","context":"In "SPEED ROUND: CAPITAL MARKETS"","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566125,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/iron-and-steel-mining-spinoff-begins-trading-on-the-egx\/","url_meta":{"origin":562399,"position":2},"title":"Iron and Steel mining spinoff begins trading on the EGX","author":"enterpriseam admin","date":"30 May 2021","format":false,"excerpt":"Shares of state-owned Egyptian Iron and Steel\u2019s mining spinoff started trading this morning, the exchange said. The spinout, inventively named Iron and Steel Mines and Quarries, listed c. 978 mn shares after it received the all-clear from the EGX\u2019s securities registration committee last week. Its shares are now trading separately\u2026","rel":"","context":"In "SPEED ROUND: CAPITAL MARKETS"","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559249,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/14\/egyptian-iron-and-steels-new-mining-company-to-begin-trading-on-egx-in-2-months\/","url_meta":{"origin":562399,"position":3},"title":"Egyptian Iron and Steel\u2019s new mining company to begin trading on EGX in 2 months","author":"enterpriseam admin","date":"14 January 2021","format":false,"excerpt":"State-owned Egyptian Iron and Steel is being liquidated in a process that will take up to two years, the company said in a disclosure (pdf) yesterday. The perennial lossmaker will have to sell off 6 mn sqm of its land assets to be able to pay off its EGP 9\u2026","rel":"","context":"In "DEMERGER WATCH"","block_context":{"text":"DEMERGER WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/demerger-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562641,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/egyptian-iron-and-steel-downs-tools-ahead-of-liquidation\/","url_meta":{"origin":562399,"position":4},"title":"Egyptian Iron and Steel downs tools ahead of liquidation","author":"enterpriseam admin","date":"1 June 2021","format":false,"excerpt":"State-owned Egyptian Iron and Steel officially stopped operations yesterday as a prelude to its liquidation, Masrawy reports, quoting an unnamed source in the Public Enterprises Ministry. Work will be halted until a settlement agreement is reached on compensation with the company\u2019s employees, the source added.The latest on the liquidation process:\u2026","rel":"","context":"In "DEMERGER WATCH"","block_context":{"text":"DEMERGER WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/demerger-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/27.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575803,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/loss-making-egyptian-iron-and-steel-could-be-coming-under-military-control\/","url_meta":{"origin":562399,"position":5},"title":"Loss-making Egyptian Iron and Steel could be coming under military control","author":"enterpriseam admin","date":"27 October 2020","format":false,"excerpt":"The Military Production Ministry may be about to take over Egypt Iron and Steel after industry insiders submitted a report claiming the decision to separate its mining operations could be dangerous to the company\u2019s financial stability, Masrawy reports. The troubled company earlier this month said it would spin off its\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=562399"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562399\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562376"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562399"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562399"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}