Osama Rabie, Chairman of the Suez Canal Authority, speaks during an interview with Reuters in his office in the city of Ismailia, Egypt, April 6, 2021. REUTERS/Mohamed Abd El Ghany/File Photo
Rabie said the sale of the 20% stake in the Canal Company for Mooring and Lights on the Egyptian stock market was an experiment and indicated that there could be more stake sales in the future.The Canal Company for Mooring and Lights, which its website says has capital of 250 million Egyptian pounds , had been placed in a holding company, Rabie said, without giving further details."It is out of question to privatise ... or lease it for 69 or 99 years," he said.
Source: News Formal (newsformal.com)
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