🇪🇬EgyptNorth Africa
Petroleum Marine Services advances toward EGX main market listing
via Egypt Today3 min read
Petroleum Marine Services has submitted an application to the Egyptian Exchange EGX for listing its shares on the main market. The EGX received the request on June 11, 2026, and is currently reviewing the company's documents and requirements before forwarding the file to the Listing Committee for a decision. The proposed issued capital for listing is nearly $120 million, comprising 12 million shares at a nominal value of $10 each. This move is an initial step towards the listing, pending regulatory completion and committee approval. Petroleum Marine Services, a leading company affiliated with the Egyptian General Petroleum Corporation, specializes in offshore and marine contracting for the oil and gas industry. This development aligns with the government's initiative to list state-owned companies on the EGX, with 12 companies already listed and preparations underway for others, including 10 from the petroleum sector.
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This summary was AI-generated from a story originally published by Egypt Today.
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