Egypt’s Qalaa Holdings' revenues to exceed $5.25bln next year - chairman

Between $2.91-3.2bln will come from its Egyptian Refining Company

  
A trader works at the Egyptian stock exchange in Cairo. Image for illustrative purposes.

A trader works at the Egyptian stock exchange in Cairo. Image for illustrative purposes.

REUTERS/Mohamed Abd El Ghany

ASWAN, Egypt- Egyptian investment company Qalaa Holdings expects revenues to exceed 90 billion Egyptian pounds ($5.25 billion) next year, its chairman said on Sunday.

Between 50 and 55 billion pounds will come from its Egyptian Refining Company, which will start operations in the third quarter of this year, Chairman Ahmed Heikal told Reuters. The refinery is expected to produce 2.4 million tonnes of diesel yearly, he said.

($1 = 17.1400 Egyptian pounds)

(Reporting by Ehab Farouk, writing by Lena Masri; editing by John Stonestreet) ((Lena.Masri@thomsonreuters.com;))


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