Egyptian steel producer Al Ashry Steel Group plans to list 20-30% of its shares on the Egyptian Stock Exchange in the first half of 2027 in order to diversify its sources of financing and support the expansion of production facilities, local media reported. СМИ.
Preparations are underway for IPO
The Group has begun to study the structure of the offer and is evaluating financial advisors and offer placement managers, who are expected to be appointed by the end of 2026. The final timing and structure will depend on the results of the study and the listing requirements on the Egyptian Stock Exchange.
The volume of projects for the production of billets is one million tons per year. год
In parallel with the preparations for listing, Al Ashry Steel has applied for two licenses for the production of billets, each of which has a plant capacity of 500,000 tons per year, and the total investment is estimated at 12 billion Egyptian pounds. The projects are aimed at expanding the supply of domestic raw materials and reducing dependence on импорт.
The Group manufactures and processes fittings, profiles and flat rolled products, as well as welded pipes, scaffolding, metal structures and lighting poles.
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