Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to host the first listing of a state-run company next September or October out of four to six targeted listings this year, finance minister Amr El-Garhy said.
The committee responsible for the government initial public offerings (IPOs) programme is currently working on offering these state-run firms on the EGX, El-Garhy added.
The minister further noted that Egypt is seeking to lure about $10 billion in investments through the government IPO programme during fiscal year 2018/2017, according to local newspaper Youm7.
On 18 March, the finance ministry unveiled plans to offer up to 23 state-owned companies on the Egyptian bourse at a total value of EGP 80 billion as part of the first phase of public sector companies' IPOs.
