Egypt aims to sell stakes in 32 state-owned companies on the EGX through IPOs, sales to strategic investors, or a combination of both as part of its state privatization program
“The implementation has already started and some of these assets are going to the market next month,” Maait told Bloomberg on the sidelines of a financial conference in Riyadh
The Egyptian cabinet has resumed its IPO program to sell its stakes in state-owned companies, announcing 32 planned companies
Starting from Q1 of 2023, Egypt will hold initial public offerings (IPOs) for 32 state-owned companies to strategic investors via offerings on the EGX and a mix of both
Madbouly said that the cabinet had been engaged in discussions on how to activate the EGX and expand the participation of Egyptians in all public institutions
