by Mahmoud Hammad
Hisham El-Qousi, managing director of the company MH Financial consulting, said that the company intends to do the restructuring of a number of companies in the textile, tourism and renewable energy sectors with capital amounting to LE200 million pounds in preparation for placing on the main bourse or the Nile Stock Exchange.
He explained in an exclusive statement to The Middle East Observer that the company is looking for arranging a dollar loan to finance a new company operating in the local market in the petroleum products sector for $10 million, which is equivalent to LE80 million.
He declared that the company currently is has capital of LE20 million and a target to reach LE50 million, to be presented in the Egyptian stock exchange. He pointed out the completion of the preparation for a financing loan of $6 million.
He added that the Egyptian stock exchange is able to assimilate any new proposals during the coming period, advising investors that it is necessary to exploit investment opportunities and price levels of stocks, which has become an attraction for investment.
