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Thndr Claps » EGY Claps » IPO Watch 👀 » Minister of Planning Hints at Possible Siemens IPO👀

Minister of Planning Hints at Possible Siemens IPOđź‘€

by Shams Abbas
January 1, 2022

In a meeting held by Prime Minister Mostafa Madbouly to review the offering of some companies on the EGX, Minister of Planning & Economic Development Hala Al Saeed hinted at the possibility of offering a stake in Siemens stations.

More Details🧐 The meeting also explored the role of the Sovereign Fund of Egypt (SFE) in taking companies public. SFE Executive Director Ayman Soliman touched on the fund’s plan to offer stations built by Siemens on the EGX. 

Why is this Important🤔 Soliman pointed out that this offering is one of the most important projects that are in line with the objectives of the Egyptian state.

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