Egypt’s stock exchange expects two IPOs to go ahead this year – chairman

Egypt’s stock exchange (EGX) expects two public business sector companies to launch initial public offerings (IPOs) this year, its chairman said on Tuesday.

Mohamed Farid did not give any additional details.

Nearly four years ago, Egypt unveiled a programme to sell stakes in state-owned enterprises as part of broader efforts to revive the economy and allure more foreign investments to the stock market.

Private company Emerald Real Estate Investment listed in February this year.