Egypt to announce detailed plan for IPO programme next week – Cabinet

Egypt’s Prime Minister Moustafa Madbouly said on Wednesday that government would announce a detailed plan for its IPO programme in at least 20 state companies on the stock exchange next week.

The share sale process will be made over the course of a year, with some being sold on the stock exchange and others to strategic investors, Madbouly added.

Madbouly continued that, “large investors will also participate in restructuring and expanding production lines of the companies while also increasing their capital.”