Egypt Acquires 20% of a Gas and Electricity Services Company

A statement from the Egyptian Stock Exchange released yesterday, Monday, revealed that the "National Service Projects Authority, the economic arm of the Egyptian military, has acquired 20 percent of the shares of Arab Energy Company, which specializes in providing gas and electricity services." The statement, which was reviewed by Reuters, noted that the Projects Authority acquired the shares for 1.6 billion Egyptian pounds (51.86 million dollars).