Three Egyptian textile companies to be sold in the next three months
Egypt, Business, 8/13/1999
The Egyptian holding company for textiles and trade decided to raise three governmental textile companies for sale during the next three months.
These companies are Shbeen El-Kom for fabrics and textiles, Stea for textiles and El-Wadi for cotton, which will be sold to a main investor, said Adel Yassin, head of the economic sector in the holding company.
He added that 9% of the three companies' shares will be sold.
Yassin said the three companies achieved sales during last year in Shbeen El-Kom and Stea worth 12 million pounds, while in El-Wadi sales reached 7 million pounds.
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