{"id":599271,"date":"2019-06-24T04:00:35","date_gmt":"2019-06-24T04:00:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/"},"modified":"2019-06-24T04:00:35","modified_gmt":"2019-06-24T04:00:35","slug":"algioshy-steel-plans-egypt-ipo-in-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/","title":{"rendered":"AlGioshy Steel plans Egypt IPO in 2020"},"content":{"rendered":"

<\/a> IPO WATCH- Steel manufacturer<\/b> AlGioshy Steel <\/b><\/a>is planning to offer up to 25% of its shares in an IPO next year to finance planned expansions<\/b>, CEO Tarek AlGioshy tells the local press<\/a>. The company has hired an adviser, but AlGioshy did not disclose who. A top company executive had said earlier this year<\/a> that the company was looking to sell as much as 40% of its shares in its debut on the EGX. According to the exec, AlGioshy\u2019s expansion plans include adding a second EGP 300 mn production line at its steel rebar factory in Sixth of October.<\/p>\n

Background: <\/b>The company had said in January that it was looking to IPO up to 40% of its shares<\/a> in a transaction timed for 4Q2019. It also said at the time that it was lining up some EGP 500 mn to invest<\/a> in a second production line at its rebar plant.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- Steel manufacturer AlGioshy Steel is planning to offer up to 25% of its shares in an IPO next year to finance planned expansions, CEO Tarek AlGioshy tells the local press. The company has hired an adviser, but AlGioshy did not disclose who. A top company executive had said earlier this year that the […]<\/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":[8572],"tags":[11290,317,68,72,7196,78,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599271","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-algioshy-steel","tag-commodities","tag-egx","tag-enterpriseam","tag-industry","tag-ipo-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c5efa287-885c-4b70-b9c3-498206f994bd","is_powered_by":true,"section_story_id":"662f6e94-20ce-4582-82be-0b1d9e6a0728","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599260],"teaser":"","voice_url":""},"yoast_head":"\nAlGioshy Steel plans Egypt IPO in 2020 - 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\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AlGioshy Steel plans Egypt IPO in 2020\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Steel manufacturer AlGioshy Steel is planning to offer up to 25% of its shares in an IPO next year to finance planned expansions, CEO Tarek AlGioshy tells the local press. The company has hired an adviser, but AlGioshy did not disclose who. A top company executive had said earlier this year that the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-24T04:00:35+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\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AlGioshy Steel plans Egypt IPO in 2020\",\"datePublished\":\"2019-06-24T04:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"AlGioshy Steel\",\"commodities\",\"EGX\",\"EnterpriseAM\",\"industry\",\"IPO watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/\",\"name\":\"AlGioshy Steel plans Egypt IPO in 2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-06-24T04:00:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AlGioshy Steel plans Egypt IPO in 2020\"}]},{\"@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":"AlGioshy Steel plans Egypt IPO in 2020 - 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\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/","og_locale":"en_US","og_type":"article","og_title":"AlGioshy Steel plans Egypt IPO in 2020","og_description":"IPO WATCH- Steel manufacturer AlGioshy Steel is planning to offer up to 25% of its shares in an IPO next year to finance planned expansions, CEO Tarek AlGioshy tells the local press. 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