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Qalaa to Operate 100% of Its Refinery Units in January

Source: Ahram online 10/20/2019, Location: Egypt

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Egypt’s Qalaa Holdings, one of the country’s largest investment companies, announced that it would operate 100 percent of its refinery units in January.

According to his statements to Reuters issued by the company, Chairman of Ahmed Heikal said that it would increase its refinery production capacity to 5.5 million tons per year.

He added that the company will offer shares of Taqa Arabia and Arab Refining Co in the second and the fourth quarters of 2020 on the stock market, without giving details of the quantity of shares to be sold.

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