Ministry of Supply studies listing FIHC in stock market
The Ministry of Supply is currently studying the possibility of listing the Food Industries Holding Company (FIHS) on the stock market to improve its financial situation, Supply Minister Khaled Hanafy said Saturday.
There is a direction taken by the government to list holding companies in the stock market in order to increase its capital and attract investments, Hanafy said.
The minister said the listing will help improve the performance of FIHS’ subsidies and increase their profits, leading to financial and social benefits to the employees.
He further stressed that the public company’s public offering does not mean selling it, but rather the use of financial tools to restructure the company’s hierarchy.