Egypt’s government is set to announce within two weeks the details of the initial public offerings (IPOs) program of the state-owned companies on the Egyptian Stock Exchange. He assured that in less than two weeks, the plan to offer government companies on the Stock Exchange will be announced. The upcoming announcement for IPOs plan comes after a series of postponements of the offering plan as a result of unfavorable market conditions. On January 3, the annual report of the Egyptian Stock Exchange revealed the readiness of four government companies in preparation for program, including Banque du Caire, Misr Life Insurance, Egyptian Drilling, and Elab affiliated to the sector petroleum. The stock exchange report anticipated that shares of eight companies will be listed and offered within the government offering program, which includes Enppi, Misr Insurance, Bank of Alexandria, Midor, Ethydco, and Assiut Oil Refining Company.
