CAIRO Feb 9 Alexandria Mineral Oils Co
(AMOC) plans to offer 10-20 percent of its shares in a
secondary stock market listing as well as 10 percent as Global
Depositary Receipts listed in London, its chairman said.
Amr Mostafa told Reuters that AMOC would begin refining
crude oil in March with a 350,000-barrel shipment at the Midor
refinery. The company expects to distribute no less than 7-8
pounds per share from 2016-17 profits, he said.
The company made a first-half net profit of 545.8 million
Egyptian pounds ($30.41 million) compared to 157 million a year
($1 = 17.9500 Egyptian pounds)
(Reporting by Ehab Farouk and Abdel Rahman Adel; writing by Lin
Noueihed; editing by Jason Neely)