Cairo – Mubasher: Egypt’s finance minister Amr El-Garhy has denied that the Egyptian government is seeking to raise about $10 billion from its three-year initial public offering (IPO) programme, Al-Masry Al-Youm reported on Monday.
The government's IPO programme includes floating about 8 to 10 firms on the Egyptian Exchange (EGX) within 18 months, he added.
The advisor managing Engineering for the Petroleum and Process Industries’ (Enppi) IPO is currently working on setting an opportune time for the listing, the minister highlighted.
In August 2017, investment minister Sahar Nasr said that Enppi’s IPO is set to launch in the first quarter of 2018.
