EETC, EEHC electricity companies demerger pushed to 2025
The Egyptian Electricity Transmission Company’s (EETC) planned split from the Egyptian Electricity Holding Company (EEHC) has been pushed until 2025, Al Mal reports, citing Electricity Ministry sources. The delay comes as a result of the government extending its timeline to withdraw electricity subsidies from 2022 until 2025, leaving electricity prices over that period uncertain, and […]
Dana Gas to demerge its Upstream and Midstream businesses
Shareholders of Dana Gas, the Middle East’s largest regional private sector natural gas company, at the Annual General Meeting gave approval for the demerger of the Company’s Upstream and Midstream businesses. Shareholders also approved the Board of Director’s recommendation to distribute an AED 5.5 fils per cash dividend for the financial year ended 31 December […]
