Prime Minister Mostafa Madbouly said in a statement on Saturday that the government aims to collect $2bn from the government offering programme before the end of next June. Madbouly explained that the sovereign fund is negotiating with investment agencies to implement the offering programme, while CBE is preparing the banks to be offered. Yasser El-Masry, managing director of the Arab African International Securities (AAIS), said that the market is ready to start implementing the government offering programme. For his part, Mohamed Farouk, Chairman of Global Invest, said that the most important thing is the actual start of implementation to reassure investors about the seriousness of the offering programme. It should include the timing of each offering of the programme companies, especially that the talk about the offering programme started in 2016 until now.
