International and GCC sovereign funds are interested in the companies included prior to the offerings, Soliman added
“The offering could be made to a sole strategic investor or to several investors through minority stakes,” said one of the sources
This is matches the ministers’ comments in late September, when she revealed that Egypt was looking to raise as much as $6 billion through selling its stakes in several companies
Safi and Wataniya are owned by the National Service Products Organisation (NSPO), a subordinate to the Egyptian Armed Forces
During her interview, El-Said stated that Egypt is focusing on developing privatization and a private sector-led economy
