THE EGYPTIAN COMPANY FOR MARINE SUPPLIES AND WORKS WAS ESTABLISHED AS AN EGYPTIAN JOINT STOCK COMPANY IN 1962. IN 1991, IT TRANSFORMED INTO A PUBLIC SECTOR COMPANY AFFILIATED WITH THE HOLDING COMPANY FOR MARITIME TRANSPORT. THE COMPANY’S SHAREHOLDER WORKERS UNION WAS ESTABLISHED IN 1994. 50.3% OF THE SHARES OF THE EGYPTIAN COMPANY FOR MARINE SUPPLIES AND WORKS WERE SOLD TO THE UNION. AS A RESULT, THE HOLDING COMPANY’S OWNERSHIP IN THE EGYPTIAN COMPANY FOR MARINE SUPPLIES AND WORKS DECREASED TO LESS THAN 51%, WHICH NECESSITATED CHANGING THE COMPANY’S SYSTEM AND SUBJECTING IT TO THE PROVISIONS OF THE JOINT STOCK COMPANIES LAW.

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