The fund showed strong flexibility in the process of issuing shares, as it replied that there is no maximum limit for selling shares in the company. The sources pointed out that there was a promotional tour of the assets carried out by the Sovereign Fund of Egypt with a number of financial and legal advisors during the past week to promote the Egyptian assets. Egypt announced its intention to offer 32 government companies within the government offering program. The National Petroleum Products Company and Safi Water Bottling Company came within the program, in addition to 3 banks and a number of oil, petroleum and insurance companies, covering 18 different economic sectors. The Egyptian government expects to collect $2bn from the proceeds of the program before the end of next June, according to Prime Minister Mostafa Madbouly.
