ENPPI and Petrojet will combine their top-flight football operations with El Sharkia SC and Suez SC under new regional identities.
Egypt’s Ministry of Youth and Sports has approved separate partnerships pairing ENPPI with Sharkia SC and Petrojet with Suez SC, creating two companies to operate the clubs’ football divisions, with the petroleum-sector companies retaining operational control.
The agreements will establish sports services companies responsible for management, operations, and commercial investment.
Under the ENPPI-Sharkia structure, ENPPI will own 51% of a company provisionally named ENPPI Best and will retain management control.
Sharkia’s own lower-division licence will be frozen. The new operation will effectively use ENPPI’s Premier League position while adopting a regional base and an identity connected to El Sharkia.
The arrangement, therefore, places ENPPI in the controlling position. Sharkia provides the local identity, stadium, and supporter base, but will remain the minority shareholder.
Sharkia, however, must still secure approval from an extraordinary general assembly scheduled for August 7 to reduce the club’s stake in the football company to 49%. Should the meeting fail to reach a quorum, the club’s board is expected to receive authority to decide.
The Petrojet-Suez agreement follows a similar model. Suez SC president Moataz Selim said the new company would operate under a joint name and play its home matches at Suez Stadium.
Suez has frozen its third-division licence, allowing the combined team to compete in the Premier League through Petrojet’s existing place.
Selim said the company would have a five-member board, with three seats allocated to the company-club side and two to Suez.
That structure also leaves Petrojet as the dominant partner. Suez retains its geographical identity and home stadium but does not control the new football operation.
The announcements said the decision implemented “presidential directives to support historically supported clubs, make greater commercial use of their assets, and improve the financial sustainability of Egyptian football.”
Suez SC had called an extraordinary general assembly earlier this month to discuss establishing a sports-services company. Only 94 of the club’s 4,756 eligible members attended, leaving the meeting without a legal quorum.