Wednesday, 08 December 2021
Up to 6 IPOs of Egyptian state companies to be launched in current FY: Minister
Ahram Online , Wednesday 20 Oct 2021
Egypt is planning on listing five or six state-affiliated companies on the stock exchange in the current fiscal year under the country's recently resumed initial public offering (IPO) programme, Finance Minister Mohamed Maait said.

Related
Smoothing the way for IPOs
Egypt’s state-owned e-finance to go public under government IPO programme
Egypt's New Administrative Capital: IPOs to the fore
Maait made the announcement during a meeting on Wednesday with Murray Roos, the director of Capital Markets at the London Stock Exchange Group (LSEG), and Charlie Walker, the head of Equity Primary Markets the LSEG.
Egyptian state-owned payments firm e-finance for Digital and Financial Investments made its debut on the stock market on Wednesday under the IPO programme.
Maait said the e-finance IPO saw a large turnout, with international participation from the US, the UK, and other European countries.
In March 2019, Egypt offered the first state-owned company to be listed on the EGX under the IPO programme.
The company offered 4.5 percent of its shares on the EGX, with a total value of EGP 1.7 billion pounds ($99 million).
On 8 September, Minister of Planning and Economic Development Hala El-Said said that the government is expected to resume the stalled IPO programme before the end of 2021.
Search Keywords:
Egypt
IPO
Short link:

 
Latest News
Real Madrid dispatch 10-man Inter to go through top of the group
Keeper El-Shennawi hails team spirit as Egypt draw with Algeria
Salah continues remarkable goal spree as Liverpool knock AC Milan out of Champions.....
PHOTO GALLERY : Check today's highlights of the UEFA Champions League games
Qatar sees budget outlay up 5% for World Cup
UEFA Champions League fixtures & results (6th round, group stage)
Match facts: AC Milan v Liverpool (UEFA Champions League)
Early eight
PHOTO GALLERY: North African rivals Egypt, Algeria deliver entertaining show.....
Iran nuclear deal required
Most Viewed
PHOTO GALLERY: North African rivals Egypt, Algeria deliver entertaining show.....
PHOTO GALLERY : Check today's highlights of the UEFA Champions League games
Egypt closes two ports, to suspend schools in Alexandria, Matrouh Wednesday.....
Qatar sees budget outlay up 5% for World Cup
Rangnick appoints sports psychologist to help Man Utd players
Omicron variant 'almost certainly' not more severe than Delta, Fauci.....
Economic crisis deepens in Lebanon
Fears for the Libyan elections
More adversity in Ethiopia
From Sanaa to Vienna
Also In Markets & Companies
Pakistani ambassador hails Egyptian start-ups, vows support for their investments in Pakistan
Egypt’s ECAHT, IFC launch technical textile project to attract $800 mln in investments
Tanzania inaugurates phase 1 of Egypt’s $35 million Elsewedy Industrial Complex
Careem aiming to expand investments in Egypt: General manger
Egypt’s PMI for non-oil private sector stands at 48.7 in November, activity drops for 3rd consecutive month
BuzzFeed to go public after raising less money than expected
Ezz Elarab Automotive Group opens its latest Aston Martin Showroom in Egypt
GMIS2021 launches impact investment platform to fast-track decarbonisation efforts in developing countries
Egypt Business Opinion WorldArts & Culture Sports Life & StyleAntiquities Books AnalysisHeritage Multimedia​Al-Ahram Weekly About us
© 2020 All Rights Reserved Ahram Online.
HomeEgyptEgypt Home Politics Courts & LawForeign AffairsSocietyHealthUrban & TransportDefenceTourismBusinessBusiness Home EconomyMarkets & CompaniesEnergyTechOpinionWorldWorld Home RegionInternationalAfricaArts & CultureArts & Culture Home FilmMusicVisual ArtStage & StreetEntertainmentArt AlertSportsSports Home Egyptian FootballTalents AbroadWorldNational TeamsAfricaOmni sportsMultimediaLife & StyleLife & Style Home StyleHealthFoodCity LightsAntiquitiesAntiquities Home Ancient EgyptGreco-RomanCopticIslamicMuseumsBooksBooks Home ReviewsNewsAnalysisHeritageHeritage Home WalksFolk ArtsHeritage specialPhoto HeritageInspiring MindsMultimediaAl-Ahram WeeklyAl-Ahram Weekly Home EgyptEconomyWorldOpinionCultureLimelightHeritageFeaturesFocusLivingSufra DaymaEntre nousAutosTravelInterviewsSpecialArtCinemaExhibitionsLecturesTheaterMusic and danceSports