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Government IPO programme to resume before 2021-end: Minister of Planning - Daily News Egypt

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Government IPO programme to resume before 2021-end: Minister of Planning

e-finance to be first government IPO in November: Sources


Minister of Planning and Economic Development Hala El-Said has said that the government IPO programme will resume before the end of this year. The offerings will include a number of undisclosed state-affiliated companies. 

Sources told Daily News Egypt that e-finance company for digital payments infrastructure will be the first offering, and it is expected to be implemented by November. The offering is expected to reach 10% of the company’s shares.

The sources also suggested that e-finance would be the only offering in the government IPO programme in 2021, to be followed by Banque du Caire in 2022.

Offering of e-finance is one of five or six IPOs expected to be seen this year, according to Chairperson of the Egyptian Exchange (EGX) Mohamed Farid. 

Ebtikar for e-payments will also offer part of its shares on EGX before the end of this year.

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https://dailyfeed.dailynewsegypt.com/2021/09/09/government-ipo-programme-to-resume-before-2021-end-minister-of-planning/
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