HCMLT to offer 25% of Egyptian General Warehouses on Nile Stock Exchange in Q1 2023

Holding Company for Maritime and Land Transport (HCMLT) affiliated with the Egyptian Ministry of Transport plans to offer its subsidiary, Egyptian General Warehouses, on the Nile Stock Exchange in the first quarter of 2023.

The Egyptian General Warehouses operates in the transportation and logistics sector in the areas of warehousing, customs clearance and goods transportation.

Solid Capital undertakes the work of restructuring and developing the company, implementing operational and investment expansions, and preparing the company for offering on the Egyptian Exchange by sponsoring its offering in the small and medium enterprises market.

Mohamed Reda, CEO of Solid Capital, told Daily News Egypt that his company is undergoing a restructuring process in preparation for the offering on the small and medium enterprises market.