Thirty two state-owned companies, including three banks and two companies (Wataniya and Safi), will be offered on the stock exchange or to a strategic investor over the course of a year. This will inevitably cover 18 sectors and economic activities, Egyptian Prime Minister Mostafa Madbouly announced, in a press conference, Wednesday. Madbouly said 25 percent of these companies will be offered for sale within six months, which is an important step. This is to be achieved in coordination with investment banks and specialized companies. Along with being listed on the stock exchange there is expectation that other companies will be offered listed on the stock exchange as well.
