The Egyptian Company for Marine Supplies and Works was established as an Egyptian joint stock company in 1962. In 1991, it was transformed into a public sector company affiliated to the Holding Company for Maritime Transport. The union of the company's shareholders was established in 1994. 50.3% of the shares of the Egyptian Company for Supplies and Marine Works were sold to the union. As a result, the holding company's ownership in the Egyptian Company for Supplies and Marine Works decreased to less than 51%, which necessitated changing the company's system and subjecting it to the provisions of the Shareholding Companies Law.