Egypt Gas pens agreement to establish polyethylene pipe production company

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The new company, with a capital of EGP 340 million, will be divided into 340,000 shares, each valued at EGP 1,000

Staff Writer, Arab Finance

December 2, 2024

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Egypt Gas has signed a shareholders agreement to establish a company for producing polyethylene pipes, as per a disclosure.

The new company, with a capital of EGP 340 million, will be divided into 340,000 shares, each valued at EGP 1,000.

The ownership structure will see Swiss company George Fisher holding 74%, Egypt Gas owning 25%, and UAE’s Corys holding 1%.

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