The Egyptian government plans to unveil the plan for listing state-owned companies on the Egyptian Exchange (EGX) in 2023 within two weeks, Asharq Business reported Jan. 28, citing Prime Minister Mostafa Madbouly.
This announcement comes after a series of plan postponements due to adverse market conditions.
The implementation of the IPO program is in line with the government’s direction to activate the State Ownership Policy Document, promote the role of the private sector and strengthen the securities market.
Additionally, Madbouly noted that the cabinet will soon announce the names of the companies to be offered on EGX during 2023.
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