Ghazal Mahalla Announces Establishment of Soccer Company .. and Mustafa Abdo as President

Ghazl El Mahalla Club officially announced the completion of all procedures related to the establishment of Ghazl El Mahalla Football Company.

In its statement, the club indicated that Mustafa Abdo, the former Al-Ahly star, would be chairman of the company’s board of directors.

The statement of the Mahalla yarn was as follows:

In a first step of its kind, all the procedures for the constitution of El Mahalla Spinning Football Company and the extraction of the commercial register were completed to be the first company incorporated to manage football activity in Egypt.

Today will be etched in the memory of Egyptian football as the date of the launch of the first Egyptian football management company with a capital of £ 250,000.

Its board of directors is chaired by former club star Al-Ahly and media great Captain Mustafa Abdo, and its members include Eng. Hossam Ezzo and Dr. Magdy Al-Alfi as members of the board of directors, representatives of Misr Spinning and Weaving Company in El Mahalla El-Kobra.

Provided that, within 3 months, the shares of Ghazl El Mahalla Football Company are offered on the Egyptian Stock Exchange, so that Ghazl El Mahalla Club will be the first Egyptian club to enter the real investment arena and serious in football activity, and the inhabitants of El Gharbia will be the pioneers in offering football activity for investment.