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Egypt Gas investments in Jordan to post 5% yield in 2018

Egypt Gas investments in Jordan to post 5% yield in 2018
The FSA approved Ossol’s study on the FV of Egypt Gas at EGP 175.39 per share
Egypt Gas
EGAS
-2.63% 35.52 -0.96

Cairo – Mubasher: Egypt Gas expected that its future investment plans in Jordan will generate a yield accounting for 5% of total revenues by the end of 2018.

This return on investments was estimated based on the study disclosed by Ossol for Financial Consulting Company, according to a bourse statement issued on Monday.

The Egyptian Financial Supervisory Authority (FSA) has approved Ossol’s study on the fair value (FV) of Egypt Gas at EGP 175.39 per share.

Egypt Gas previously signed a memorandum of understanding (MoU) between the Egyptian companies working in the natural gas field and their counterparts in Jordan.