{"id":566080,"date":"2021-05-26T13:38:18","date_gmt":"2021-05-26T13:38:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/"},"modified":"2021-05-26T13:38:18","modified_gmt":"2021-05-26T13:38:18","slug":"iron-and-steel-for-mines-and-quarries-to-list-tomorrow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/","title":{"rendered":"Iron and Steel for Mines and Quarries to list tomorrow"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Shares of state-owned Egyptian Iron and <\/strong><strong>Steel\u2019s mining<\/strong><strong> spinoff \u2014 Iron and Steel for <\/strong><strong>Mines and Quarries \u2014 will be listed on EGX at the end of tomorrow\u2019s session <\/strong>after the EGX\u2019s securities registration committee this morning greenlit the move, according to <a href=\"https:\/\/ent.news\/2021\/5\/Iron-and-Steel-1.pdf\">a bourse disclosure<\/a><a href=\"https:\/\/ent.news\/2021\/5\/Iron-and-Steel-1.pdf\">(pdf)<\/a>. Egyptian Iron and Steel\u2019s five-working-day period to make a public disclosure to list ended today, after which the EGX will decide on a date to when trading on the new company\u2019s shares will be beginning. The Financial Regulatory Authority (FRA) on <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b86a18dc-8bc2-4df9-ac7e-1bdf9f627606\">Thursday<\/a> gave the all-clear for the new company\u2019s registration and trading on the EGX.<\/p>\n<p><strong>The new mining company is listing around 978 mn shares at EGP 0.2 a piece<\/strong>, giving it a market cap of EGP 195.4 mn. This will happen through a 1:1 stock split and a capital decrease, which should see Egyptian Iron and Steel\u2019s share price reduced to EGP 1.8, reducing its market cap to EGP 1.76 bn from EGP 1.95 bn, according to <a href=\"https:\/\/ent.news\/2021\/5\/Iron-and-Steel-2.pdf\">a separate filing (pdf)<\/a>.<\/p>\n<p><strong>Background:<\/strong> Egyptian Iron and Steel announced earlier this year that it will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/839a6b22-6c3d-453a-93c1-77111ac82759\">spin off its mining operations<\/a> under <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9bad9da9-4715-4ca2-af68-dc753167b285\">a two-year liquidation process<\/a> that would see it sell its steel plant in Helwan as part of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71938aa0-e362-4429-9e61-30a853a317ad\">a government strategy<\/a> to streamline the public sector. Public Enterprises Minister Hisham Tawfik previously said that the perennial lossmaker will have to sell off 6 mn sqm of its land assets to be able to pay off its EGP 9 bn in outstanding debts before liquidating.<\/p>\n<p><strong>The listing comes as Egyptian Iron and Steel reported EGP 724.1 mn in consolidated net losses in 9M2020-2021<\/strong>, compared to EGP 783.8 mn a year before, the company said in <a href=\"https:\/\/ent.news\/2021\/5\/26-05-2021.pdf\">a statement (pdf)<\/a>. Revenues also fell almost 10% to end the July-to-March period at EGP 776.2 mn, down from EGP 859.4 mn in the same time last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 period to make a public [&hellip;]<\/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":[10033],"tags":[102,68,1961,633,76],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566080","post","type-post","status-publish","format-standard","hentry","category-speed-round-capital-markets","tag-capital-markets","tag-egx","tag-egyptian-iron-and-steel","tag-enterprisepm","tag-financial-regulatory-authority","wpautop","entry"],"acf":{"mongo_id":"b2f86de2-3c13-478d-97be-f2ccb1a111f5","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566074],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Iron and Steel for Mines and Quarries to list tomorrow - 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\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iron and Steel for Mines and Quarries to list tomorrow\" \/>\n<meta property=\"og:description\" content=\"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 period to make a public [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-26T13:38:18+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Iron and Steel for Mines and Quarries to list tomorrow\",\"datePublished\":\"2021-05-26T13:38:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\"},\"wordCount\":309,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"capital markets\",\"EGX\",\"Egyptian Iron and Steel\",\"EnterprisePM\",\"Financial Regulatory Authority\"],\"articleSection\":[\"SPEED ROUND: CAPITAL MARKETS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\",\"name\":\"Iron and Steel for Mines and Quarries to list tomorrow - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-05-26T13:38:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Iron and Steel for Mines and Quarries to list tomorrow\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Iron and Steel for Mines and Quarries to list tomorrow - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/","og_locale":"en_US","og_type":"article","og_title":"Iron and Steel for Mines and Quarries to list tomorrow","og_description":"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 period to make a public [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-05-26T13:38:18+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Iron and Steel for Mines and Quarries to list tomorrow","datePublished":"2021-05-26T13:38:18+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/"},"wordCount":309,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["capital markets","EGX","Egyptian Iron and Steel","EnterprisePM","Financial Regulatory Authority"],"articleSection":["SPEED ROUND: CAPITAL MARKETS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/","name":"Iron and Steel for Mines and Quarries to list tomorrow - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-05-26T13:38:18+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/iron-and-steel-for-mines-and-quarries-to-list-tomorrow\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Iron and Steel for Mines and Quarries to list tomorrow"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":562399,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/egyptian-iron-steel-mining-spinoff-inches-closer-to-listing\/","url_meta":{"origin":566080,"position":0},"title":"Egyptian Iron + Steel mining spinoff inches closer to listing","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"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":566080,"position":1},"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 &quot;SPEED ROUND: CAPITAL MARKETS&quot;","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":566040,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/one-step-closer-to-another-listing\/","url_meta":{"origin":566080,"position":2},"title":"One step closer to another listing","author":"enterpriseam admin","date":"24 May 2021","format":false,"excerpt":"Trading of Egyptian Iron and Steel shares will be suspended as of tomorrow, pending approval from the EGX listing committee on the listing of shares of its mining spinoff on EGX, the company said in a bourse filing (pdf) this morning. The Financial Regulatory Authority (FRA) gave on Thursday the\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":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":566080,"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 &quot;DEMERGER WATCH&quot;","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":563193,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/22\/private-sector-could-bid-for-some-of-egyptian-iron-and-steels-land-bank\/","url_meta":{"origin":566080,"position":4},"title":"Private sector could bid for some of Egyptian Iron and Steel\u2019s land bank","author":"enterpriseam admin","date":"22 June 2021","format":false,"excerpt":"Private sector companies will have the chance to bid for some of Egyptian Iron and Steel\u2019s land bank as the government continues the process of liquidating the state-owned company, Deputy Housing Minister Khaled Abbas tells Al Mal. The New Urban Communities Authority has been put in charge of preparing the\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/280.jpg?fit=%2C&ssl=1&resize=350%2C200","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":566080,"position":5},"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 &quot;DEMERGER WATCH&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566080","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=566080"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566080\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566074"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566080"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566080"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}