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Egypt’s Ministry of Public Business Sector is planning to establish a joint-stock company to list Ghazl El-Mahalla Sporting Club on the Egyptian Exchange (EGX).
There is no intention to sell the club, the Minister, Hisham Tawfik, affirmed in a statement on Monday, noting that the stadium and football fields will be offered on a usufruct basis.
The Prime Minister, Mostafa Madbouly, has tentatively approved the proposal.
