{"id":634469,"date":"2018-01-16T04:09:57","date_gmt":"2018-01-16T04:09:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/"},"modified":"2018-01-16T04:09:57","modified_gmt":"2018-01-16T04:09:57","slug":"el-garhy-steel-to-list-25-of-the-company-in-2h2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/","title":{"rendered":"El Garhy steel to list 25% of the company in 2H2018"},"content":{"rendered":"

IPO WATCH- El Garhy Steel\u2019s planned IPO of 25% of its shares has been pushed back to 2H2018<\/strong>, Chairman Gamal El Garhy told Amwal Al Ghad on Sunday<\/a>. The company had initially been gunning for sometime in 1Q2018, according to statements from El Garhy last year<\/a>. It would appear that the company had settled on an investment bank to manage the listing, but El Garhy did not name the firm. The company plans to use the proceeds of the listing to boost its production capacity to 2.4 mn tonnes. \u201cWe\u2019re keen to pump new investments in the local market to best benefit from the Ministry of Trade\u2019s ongoing decree to impose temporary anti-dumping duties on rebar from China, Turkey, and Ukraine,\u201d said El Garhy. He had previously stated that the company hopes to raise around EGP 3.6 bn from the listing.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. It would appear that the company had settled on […]<\/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-634469","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9893fb35-16da-4856-872a-89827e97d2fc","order":"0","is_powered_by":true,"section_story_id":"5296a070-21bc-40cb-bfff-aa4324b2ad4a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634459],"teaser":"","voice_url":""},"yoast_head":"\nEl Garhy steel to list 25% of the company in 2H2018 - 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\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Garhy steel to list 25% of the company in 2H2018\" \/>\n<meta property=\"og:description\" content=\"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. It would appear that the company had settled on […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-16T04:09:57+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\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Garhy steel to list 25% of the company in 2H2018\",\"datePublished\":\"2018-01-16T04:09:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/\"},\"wordCount\":151,\"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\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/\",\"name\":\"El Garhy steel to list 25% of the company in 2H2018 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-01-16T04:09:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"El Garhy steel to list 25% of the company in 2H2018\"}]},{\"@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":"El Garhy steel to list 25% of the company in 2H2018 - 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\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/","og_locale":"en_US","og_type":"article","og_title":"El Garhy steel to list 25% of the company in 2H2018","og_description":"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. It would appear that the company had settled on […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-01-16T04:09:57+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\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"El Garhy steel to list 25% of the company in 2H2018","datePublished":"2018-01-16T04:09:57+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/"},"wordCount":151,"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\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/","name":"El Garhy steel to list 25% of the company in 2H2018 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-01-16T04:09:57+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/el-garhy-steel-to-list-25-of-the-company-in-2h2018\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"El Garhy steel to list 25% of the company in 2H2018"}]},{"@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":546085,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/pif-subsidiary-ups-stake-in-egx-listed-rameda-el-garhy-buys-natl-glass-and-crystal-from-adib-egypt\/","url_meta":{"origin":634469,"position":0},"title":"PIF subsidiary ups stake in EGX-listed Rameda + El Garhy buys Nat\u2019l Glass and Crystal from ADIB Egypt","author":"enterpriseam admin","date":"27 April 2022","format":false,"excerpt":"Saudi PIF subsidiary ups stake in Rameda: The Saudi Seventh Investment Company (SSIC) has purchased another 6.5% of Rameda Pharma, raising its total stake to 11.01%, the EGX announced (pdf) yesterday. SSIC, a subsidiary of the Public Investment Fund (PIF, KSA\u2019s sovereign wealth fund), purchased 65 mn shares for EGP\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-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":567561,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/22-rolling-mills-to-halt-production-on-steel-import-tariffs\/","url_meta":{"origin":634469,"position":1},"title":"22 rolling mills to halt production on steel import tariffs","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"Row over steel import tariffs flares up again: Twenty-two steel rolling mills will suspend production in protest at the government\u2019s decision to place import tariffs on steel rebar and iron billets, according to the local press. The Trade Ministry last year introduced a 25% duty on steel rebar imports and\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\/1\/705.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":634469,"position":2},"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":543880,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/22\/nrea-looks-for-international-support-to-upgrade-experimental-nuclear-reactor\/","url_meta":{"origin":634469,"position":3},"title":"NREA looks for international support to upgrade experimental nuclear reactor","author":"enterpriseam admin","date":"22 February 2022","format":false,"excerpt":"Kazakhstan or Belgium could help upgrade Inshas nuclear reactor: The New and Renewable Energy Authority (NREA) is reportedly looking into upgrading the experimental nuclear reactor in Inshas in Sharqiya and is considering sending experts to Kazakhstan and Belgium for research purposes, Al Mal reported, quoting unidentified sources it claims have\u2026","rel":"","context":"In "Also on our Radar"","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":568288,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/buyers-are-lining-up-for-safi\/","url_meta":{"origin":634469,"position":4},"title":"Buyers are lining up for Safi","author":"enterpriseam admin","date":"24 December 2020","format":false,"excerpt":"Mansour Group, Pepsico, CocaCola Egypt, Nestl\u00e9, and steel conglomerate ElGarhy Group are reportedly interested in buying a stake in army-affiliated Safi. The five companies \u2014 four of which own household bottled water brands \u2014 are currently in talks with the Sovereign Fund of Egypt (SFE) to take minority stakes of\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/413.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632172,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/eurobond-issuance-coming-any-day-now-el-garhy\/","url_meta":{"origin":634469,"position":5},"title":"Eurobond issuance coming any day now - El Garhy","author":"enterpriseam admin","date":"5 February 2018","format":false,"excerpt":"Eurobond issuance coming any day now: Egypt will be issuing USD 4-5 bn in eurobonds \u201cwithin days,\u201d said Finance Minister Amr El Garhy on Sunday, according to Reuters. The timing was chosen to coincide with climbing yields in the international bond market, El Garhy said at a presser yesterday following\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634469","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=634469"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634469\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/634459"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634469"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634469"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}