Ahmed El-Sheikh, EGX Chairman, inaugurated the trading session on Sunday, February 9, 2025, in the presence of Heba El- Serafi, EGX Vice Chairman, Taha Abd El-Mola, and Chairman of "Go Green for Agricultural Investment and Development" (GGRN.CA). The event was part of the "Ringthe-Bell" ceremony organized by EGX to celebrate the commencement of trading on the company's shares following its listing on the main market.
Ahmed El-Sheikh congratulated the company's leadership on successfully completing the listing process and commencing trading. He encouraged them to leverage the advantage of being part of the stock market to drive expansion, foster grow, and increase business volume. He added: "We welcome companies from all sectors to increase the number of listed companies and improve the supply side of the market."
El-Sheikh underscored the critical role of the stock market in the national economy as a key financing platform that enables listed companies to access the capital needed for growth. He also expressed his appreciation for EGX listing and promotion teams for their continuous efforts, which have resulted in the listing of several companies in recent period.
Additionally, he noted that EGX management is working on enriching sectoral diversity by attracting companies from various industries to ensure broad coverage of key economic sectors.
El-Sheikh also highlighted the importance of new offerings, particularly large-scale government offerings, stressing that they are a top priority for the stock market at this stage.
On his part, Taha Abd El-Mola expressed his gratitude to EGX for their cooperation and efforts throughout the listing process. He stated:
"Go Green owns approximately 21,000 feddans of agricultural land in the Moghra region, south of Alamein, within the national '1.5 Million Feddan project. The company has gradually cultivated around 12,000 feddans with Jojoba plants, aiming to expand them to 14,000 feddans within the next two years. Additionally, around 2,000 feddans have been allocated for olive cultivation, while approximately 40 feddans have been designated for specialized fish farms producing shrimp, mullet, and tilapia, starting from October 2024."
Abd El-Mola added that since its inception, Go Green has aimed to establish the largest Jojoba farm in the Middle East, recognizing the plant's substantial economic benefits. Jojoba seeds contain a unique oil used in biofuel production, lubricants, cosmetics, pharmaceuticals, and highprotein animal feed.
The company has successfully developed unique, high-quality Jojoba seed varieties, which are now registered in U.S. Gene Bank. Between 2018 and 2020, the company carried out an experimental cultivation of 3,000 feddans of Jojoba. By 2024, Jojoba plantations expanded to 12,000 feddans, along with 2,000 feddans of olive cultivation. The total cultivated area is projected to reach 21,000 feddans over the next four years, with an expected Jojoba oil production of approximately 6,000 tons by the end of this period.
Abd El-Mola also noted that Go Green has established a strong infrastructure for its projects, including an internal road network covering more than 200 kilometers, a modern irrigation system (drip irrigation) spanning over 15,000 feddans, and one of the largest fish farms in the Moghra region on 40 feddans. Additionally, the company has built a fully equipped residential complex for engineers, technicians, and workers, featuring lecture halls, dining facilities, a mosque, and guest accommodations for investors and shareholders.
Moreover, the company has set up various stations to support its agricultural projects, significantly reducing farming costs and achieving selfsufficiency in all agricultural requirements.
It is worth mentioning that Go Green for Agricultural Investment and Development (GGRN.CA) specializes in land reclamation and infrastructure development. The company's issued and paid-up capital amounts to EGP 140 million, divided into 1.4 billion shares, with a nominal value of EGP 0.10 per share.
