{"id":600504,"date":"2019-01-31T04:03:39","date_gmt":"2019-01-31T04:03:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/"},"modified":"2019-01-31T04:03:39","modified_gmt":"2019-01-31T04:03:39","slug":"algioshy-steel-eyes-4q2019-egx-debut","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/","title":{"rendered":"AlGioshy Steel eyes 4Q2019 EGX debut"},"content":{"rendered":"

<\/a> IPO WATCH- AlGioshy Steel is considering listing 40% of its shares on the EGX in 4Q2019 <\/b>to fund its local expansion plans, a top company exec tells Amwal Al Ghad. The company is currently working on adding a second production line at its steel rebar factory in Sixth of October and expects to have it up and running this quarter. The cost of the new line will ring in at EGP 300 mn, he said, ahead of the EGP 500 mn the company had previously signaled<\/a> it would demand.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- AlGioshy Steel is considering listing 40% of its shares on the EGX in 4Q2019 to fund its local expansion plans, a top company exec tells Amwal Al Ghad. The company is currently working on adding a second production line at its steel rebar factory in Sixth of October and expects to have it […]<\/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":[130,72,125,131,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600504","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-construction","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c3f5dba9-fbab-4318-a75b-4224e4a8f7b3","is_powered_by":true,"section_story_id":"fe5add70-3ac0-4dbc-a32e-edd3e7180649","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600491],"teaser":"","voice_url":""},"yoast_head":"\nAlGioshy Steel eyes 4Q2019 EGX debut - 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\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AlGioshy Steel eyes 4Q2019 EGX debut\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- AlGioshy Steel is considering listing 40% of its shares on the EGX in 4Q2019 to fund its local expansion plans, a top company exec tells Amwal Al Ghad. The company is currently working on adding a second production line at its steel rebar factory in Sixth of October and expects to have it […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-31T04:03:39+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\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AlGioshy Steel eyes 4Q2019 EGX debut\",\"datePublished\":\"2019-01-31T04:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/\"},\"wordCount\":92,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"construction\",\"EnterpriseAM\",\"investment watch\",\"Manufacturing\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/\",\"name\":\"AlGioshy Steel eyes 4Q2019 EGX debut - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-01-31T04:03:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AlGioshy Steel eyes 4Q2019 EGX debut\"}]},{\"@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 eyes 4Q2019 EGX debut - 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\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/","og_locale":"en_US","og_type":"article","og_title":"AlGioshy Steel eyes 4Q2019 EGX debut","og_description":"IPO WATCH- AlGioshy Steel is considering listing 40% of its shares on the EGX in 4Q2019 to fund its local expansion plans, a top company exec tells Amwal Al Ghad. The company is currently working on adding a second production line at its steel rebar factory in Sixth of October and expects to have it […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-01-31T04:03:39+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"AlGioshy Steel eyes 4Q2019 EGX debut","datePublished":"2019-01-31T04:03:39+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/"},"wordCount":92,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["construction","EnterpriseAM","investment watch","Manufacturing","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/","name":"AlGioshy Steel eyes 4Q2019 EGX debut - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-01-31T04:03:39+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/algioshy-steel-eyes-4q2019-egx-debut\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"AlGioshy Steel eyes 4Q2019 EGX debut"}]},{"@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":627503,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/","url_meta":{"origin":600504,"position":0},"title":"Algioshy steel to IPO next year, says Chairman","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"IPO WATCH- Algioshy Steel is planning to float shares on the EGX in an initial public offering next year, Chairman Tarek Algioshy tells Al Masry Al Youm. The company is looking to raise capital to fund expansion plans that include a new EGP 500 mn production line at its Six\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604564,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/algioshy-steel-to-invest-egp-500-mn-in-second-steel-rebar-production-line\/","url_meta":{"origin":600504,"position":1},"title":"AlGioshy Steel to invest EGP 500 mn in second steel rebar production line","author":"enterpriseam admin","date":"6 December 2018","format":false,"excerpt":"INVESTMENT WATCH- AlGioshy Steel will invest EGP 500 mn to add a second production line at its steel rebar factory in Sixth of October by the end of 2019,CEO Tarek AlGioshy told Reuters on Wednesday, noting that it will not be financed by bank debt thanks to high interest rates.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574919,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/27\/eastern-company-profits-down-21-in-4q2019-2020\/","url_meta":{"origin":600504,"position":2},"title":"Eastern Company profits down 21% in 4Q2019-2020","author":"enterpriseam admin","date":"27 September 2020","format":false,"excerpt":"EARNINGS WATCH- Eastern Company reported net profits of EGP 663 mn in 4Q2019-2020, down 21% from EGP 837 mn last year, citing lower demand from the covid-19 pandemic and government curfew measures, according to an EGX filing (pdf). Sales during the quarter were also down almost 11% to EGP 3.1\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599271,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/","url_meta":{"origin":600504,"position":3},"title":"AlGioshy Steel plans Egypt IPO in 2020","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594494,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/31\/rameda-announces-intention-to-ipo-in-4q2019\/","url_meta":{"origin":600504,"position":4},"title":"Rameda announces intention to IPO in 4Q2019","author":"enterpriseam admin","date":"31 October 2019","format":false,"excerpt":"IPO WATCH- Rameda announces intention to IPO in 4Q2019: Rameda Pharma, the country\u2019s fastest-growing generic pharmaceuticals player, announced yesterday morning its intention to sell an undisclosed number of shares in an initial public offering on the EGX in 4Q2019. The company is planning an offering to institutional and international investors\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574141,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/31\/abu-qir-fertilizers-reports-egp-560-mn-net-profit-in-4q2019-2020\/","url_meta":{"origin":600504,"position":5},"title":"Abu Qir Fertilizers reports EGP 560 mn net profit in 4Q2019-2020","author":"enterpriseam admin","date":"31 August 2020","format":false,"excerpt":"EARNINGS WATCH- Abu Qir Fertilizers saw net profits decline 0.1% y-o-y in 4Q FY2019-2020 to EGP 560 mn, down from EGP 561 mn last year, according to a company earnings release (pdf). Revenues fell 1% y-o-y during the period to EGP 2.74 bn from EGP 2.9 bn last year.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"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\/600504","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=600504"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600504\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600491"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600504"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600504"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}