VOL. XLIV

No 44

29-October-2001

EGYPT

Egypt Establishes PetrochemicalsHolding Company

Egypt has set up a new company,the Egyptian Petrochemicals Holding Company (EPHC), with wide-ranging powerscovering all aspects of the petrochemical industry. The company, which wasestablished under a Council of Ministers Decree, No 1209 of 2001, was set upwith an authorized capital of E400mn ($94mn) and a paid up capital of E100mn($23.5mn) distributed into 1mn shares wholly owned by the state-owned Egyptian...