ArabFinance: Metallurgical Industries Holding (MIH) said that Sahara company did not submit a letter of Guarantee worth EGP 400 million to Egyptian Iron and Steel (EISC), according to MIH’s statement filed to the Egyptian Exchange (EGX).
MIH has been proceeding with hiring a liquidator to wind up the EISC and listing Iron and Steel for Mines and Quarries.
In mid-April, EISC’s board of directors approved the business revenues of EGP 757.686 million in the first six months of the fiscal year (FY) 2020/2021.
ESIC, an affiliated company of Metallurgical Industries Holding, is an Egypt-based public shareholding company engaged in the exploitation, production, and trade of iron and steel products. The company provides two product segments, major products, and other Products.
