AMOC to Offer 10-20% of Shares in Secondary ListingSource: Reuters 2/9/2017, Location: Egypt
Alexandria Mineral Oils Co (AMOC) plans to offer 10-20 percent of its shares in a secondary stock market listing as well as 10 percent as Global Depositary Receipts listed in London, its chairman said.
Amr Mostafa told Reuters that AMOC would begin refining crude oil in March with a 350,000-barrel shipment at the Midor refinery. The company expects to distribute no less than 7-8 pounds per share from 2016-17 profits, he said.
The company made a first-half net profit of 545.8 million Egyptian pounds ($30.41 million) compared to 157 million a year earlier.
Cleaning Equipment, Services
Maintenance and Repair
Oil & Gas Companies
Transportation, 4X4 Trucks
Water Supply Services
Related Articles: Construction Contractors Exploration General Labor Services Maintenance and Repair Offshore/Onshore Construction Oil & Gas Companies Pipeline Services Safety Services Subsea Production
Oil Egypt E-Marketplace - Subscription Packages - Benefits