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 company was previously owned by the Ministry of Public Business Sector and is considered as one of the largest companies in the public business sector
According to Soliman, the fund has already signed several contracts with major companies, highlighting a large amount of interest in central Cairo’s transformation
The two agreements/investments are a step towards institutionalizing the healthcare sector, explained Hala El-Said
The new hotel company, announced in early 2022, is expected to merge seven or eight state-owned hotels into a single entity ahead of a listing on the EGX
