Located on the mediterranean sea and 10 km west of the Nile river, one of Egypt's considerable export ports renders an influential USD flow and holds Damietta Container & Cargo Handling Company (DCHC), one of the national companies under the listing process at the Egyptian Exchange.
A strategic port with rare accessibility connected to the Nile through a canal to facilitate access for the cargo upcoming through the Nile valley and delta area.
In December 2022, the general assembly of Damietta Container & Cargo Handling Company (DCHC) approved the board to start the listing procedures at the EGX. DCHC is jointly owned by the holding company for Maritime and inland transportation (HCMIT) (42%), Damietta port Authority (25.0%), the Canal Company for Shipping Agency (20.0%), Port Said Container and Cargo Handling Company 3% and private sector/individuals (10.0%).
Map Source: google Maps
DCHC is the handling company for Damietta port, a port with an investment zone that includes one of the two LNG exports hub, SEGAS LNG and MOPCO Fertilizers, in addition to the central hub for furniture exports
SEGAS LNG is one of Egypt's most significant USD inflow sources after the Russia and Ukraine war. SEGAS is 50% owned by ENI, 40% by EGAS (Egyptian Natural Gas Holding Company), and 10% by EGPC ( Egyptian General Petroleum Corporation), with a total capacity of 266 billion cubic feet per year, countriby
Source: U.S. Energy Information Administration
The port also includes MOPCO - Misr Fertilizers Company, one of Egypt's biggest fertilizers producers and exporters of urea and ammonia, listed at the Egyptian Exchange under code: MFPC. During 2022 the sovereign funds of the United Arab Emirates and Saudi Arabia acquired stakes at MOPCO, representing 21.52% for UAE and 19.82% for Saudi Arabia.
Stock In Relation:
Canal Shipping Agencies - CSAG
Ownership: 20%
Last Trade Price: EGP 24/share as of 16/01/2023 12:00 pm CLT
Market Cap: EGP 4,800,000,000
5 Days Chart. Source:EGVEST
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