Misr National Steel (Ataqa) said Monday that it’s not planning to voluntary delist its shares on the Egyptian Exchange (EGX).

Previous news reports claimed the company was evaluating voluntary delisting due to the significant losses suffered by its shareholders through the first quarter of 2015.

Ataqa's share is currently traded at EGP 12.49, a decline of 9.8% from its market price of nearly EGP 13.85 earlier this year.

The steel producer reported EGP 52.2 million in net profits in 2014, compared with EGP 44.9 million for the previous year, a rise of 16.3%.

The company is capitalised at EGP 150 million, distributed across 30 million shares at EGP 5 par value each.