Alexandria Mineral Oils Company [AMOC.CA] largest shareholder Al Ahly Capital Holding Company has decided to convert 39.5% of its shares in AMOC into global depositary receipts (GDRs) on London Stock exchange in early 2018, According to Al Ahly capital , Managing Director, Khaled Badawi. He added that the converted amount is equivalent to 10% of AMOC shares. It is worth mentioning that Al Ahly Capital owns 25.31% stake in AMOC.
AMOC: EGP10.62 as of 17 Aug. 2017, Rating: Neutral, TP: EGP9.70/share, MCap: USD515mn, AMOC EY/AMOC.CA