Naguib Sawiris eyes 51% of state-owned gold mining company

Egyptian billionaire Naguib Sawiris on Sunday announced his interest in acquiring 51 percent of the Shalateen Mineral Resources Company (SMRC). The SMRC was established in November 2012 with LE10 million in capital as part of governmental efforts to increase investments and open new companies to create job opportunities. According to government data, the company is … Continue reading Naguib Sawiris eyes 51% of state-owned gold mining company