{"id":627503,"date":"2018-06-04T04:06:40","date_gmt":"2018-06-04T04:06:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/"},"modified":"2018-06-04T04:06:40","modified_gmt":"2018-06-04T04:06:40","slug":"algioshy-steel-to-ipo-next-year-says-chairman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/","title":{"rendered":"Algioshy steel to IPO next year, says Chairman"},"content":{"rendered":"

IPO WATCH- Algioshy Steel is planning to float shares on the EGX in an initial public offering next year, <\/strong>Chairman Tarek Algioshy tells Al Masry Al Youm<\/a>. The company is looking to raise capital to fund expansion plans that include a new EGP 500 mn production line at its Six October plant, according to Algioshy, who says the company is hoping to double its output, of which it exports 30-40%. Algioshy had said in April<\/a> that the company is in talks with local banks to finance its planned expansion. He had noted then though that the company would focus on satisfying local demand and look towards exports by 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 October plant, according to Algioshy, […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627503","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fd48172c-e0ae-4bc3-858f-fc6aef787025","order":"0","is_powered_by":true,"section_story_id":"68b09fd8-59cf-4920-96ab-ca12c80f74c4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627489],"teaser":"","voice_url":""},"yoast_head":"\nAlgioshy steel to IPO next year, says Chairman - 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\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algioshy steel to IPO next year, says Chairman\" \/>\n<meta property=\"og:description\" content=\"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 October plant, according to Algioshy, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-04T04:06:40+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\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Algioshy steel to IPO next year, says Chairman\",\"datePublished\":\"2018-06-04T04:06:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/\"},\"wordCount\":115,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/algioshy-steel-to-ipo-next-year-says-chairman\/\",\"name\":\"Algioshy steel to IPO next year, says Chairman - 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The company is currently working on adding a second production line at its steel rebar factory in Sixth of October\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":627503,"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":599271,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/","url_meta":{"origin":627503,"position":2},"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":574031,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/banque-du-caires-ipo-postponed-to-2021-chairman-confirms\/","url_meta":{"origin":627503,"position":3},"title":"Banque du Caire\u2019s IPO postponed to 2021, chairman confirms","author":"enterpriseam admin","date":"27 August 2020","format":false,"excerpt":"IPO WATCH- BdC IPO isn\u2019t happening before 2021, Fayed confirms, while Giza Spinning looks at 2020 listing: State-owned Banque du Caire\u2019s (BdC) won\u2019t make its EGX debut this year, Chairman Tarek Fayed confirmed in an interview with Reuters Arabic on Wednesday. The bank had planned to float 20-30% of its\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\/2020\/8\/217.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642054,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/el-garhy-steel-group-planning-1q2018-ipo-to-raise-egp-3-6-bn\/","url_meta":{"origin":627503,"position":4},"title":"El Garhy Steel Group planning 1Q2018 IPO to raise EGP 3.6 bn","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"IPO WATCH- El Garhy Steel Group plans to offer 25% of its shares on the EGX during 1Q2018, Chairman Gamal El Garhy said on Saturday, according to Al Masry Al Youm. The company hopes to raise around EGP 3.6 bn in capital needed for its USD 200 mn pelletizing plant\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":634469,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/","url_meta":{"origin":627503,"position":5},"title":"El Garhy steel to list 25% of the company in 2H2018","author":"enterpriseam admin","date":"16 January 2018","format":false,"excerpt":"IPO WATCH- El Garhy Steel\u2019s planned IPO of 25% of its shares has been pushed back to 2H2018, Chairman Gamal El Garhy told Amwal Al Ghad on Sunday. The company had initially been gunning for sometime in 1Q2018, according to statements from El Garhy last year. 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