Cairo – Mubasher: Misr Chemical Industries and Alexandria Mineral Oils Company (AMOC) have made two statements in line with the news reporting that Saudi Arabia's $620 billion sovereign wealth fund, the Public Investment Fund (PIF), intends to acquire minority stakes in petrochemical companies, including them.

In this respect, Misr Chemical Industries and AMOC denied receiving any official statements in this regard, according to two separate bourse disclosures on Sunday.

The EGX-listed firms further emphasised they will announce any relevant details in due course.