Cairo – Mubasher: The schedule of the state-run initial public offerings (IPOs) programme, including several details regarding the offerings of some public firms, is planned to be revealed next week, deputy finance minister Ahmed Kouchouk said on Monday.
The new programme is aimed at increasing capital market volume to make up 50%-60% of Egypt’s gross domestic product (GDP), compared to its current 20%-21% contribution to the GDP.
Earlier in February, finance minister Amr El-Garhy denied reports alleged that the government was seeking to collect $10 billion from the government's IPOs over three years.
