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Suez Canal Authority mulling funding options for development project

: Tuesday, May 20 - 2014 @ 11:07

Egypt’s Suez Canal Authority has said its board of directors has consulted with a number of local investment banks to establish a company for the development of the Suez Canal, Daily News Egypt has reported. The company will obtain funding through IPO, which will be open to all Egyptians, said media spokesperson for the Suez Canal Authority, Omar Fouad.

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Tuesday, May 20- 2014 @ 11:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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