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Qalaa to list shares of TAQA Arabia and the parent company of ERC before
04. July 2018
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Qalaa to list shares of TAQA Arabia and the parent company of ERC before end of 2019 as part of five-year IPO program: Qalaa Holdings is planning to list a number of its subsidiaries on the EGX over the next five years, beginning with the initial public offering of TAQA Arabia in 3Q2019 followed by the offering of around 30% of the Arab Refining Company before the end of the year, Qalaa Chairman Ahmed Heikal told Al Mal in an interview. The Arab Refining Company is the largest shareholder in Qalaa’s nearly USD 4 bn Egyptian Refining Company in Mostorod.