The Egyptian government decided to include 61 new companies in its IPO programme, from which exiting could be faster than others. It concluded that four main sectors were prioritized in the government proposal programme. The sources also said that the inclusion results identified 61 new government companies, including several banks that the government would offer either for sale to strategic investors or whose stakes it would offer on EGX. The sources confirmed that the new companies listed would be different from the list of 32 companies previously announced by the Prime Minister to be included in the IPO programme. Last February, the government announced an IPO programme that included 32 companies to be offered.

Source: Daily News Egypt January 11, 2024 09:31 UTC