Cairo – Mubasher: Karim Saada, CEO and Managing Director of Al Ahly Capital Holding Company, stated that the firm intends to sell its entire shares in three companies listed on the Egyptian Exchange (EGX).

Saada noted that Al Ahly Capital, the investment arm of the National Bank of Egypt (NBE), holds stakes in nearly 16 EGX-listed and unlisted companies, with investments valued at EGP 20 billion.

He added that Al Ahly Capital owns 17% equity in Alexandria Mineral Oils Company (AMOC), in addition to a 7% stake in Sidi Kerir Petrochemicals (Sidpec).

Last August, Al Ahly Capital sold its entire equity in Abu Qir Fertilizers, equivalent to 52.80 million shares, in exchange for EGP 1.53 billion and an average price of EGP 23.26 per share.