The Clap
Safi and Wataniya are being prepared to be listed on the EGX following approval from the Council of Ministers.
The Deets
In an attempt to develop the EGX, Safi and Wataniya are set to be prepared for IPOs.
Not only will this help develop the EGX and give more diversity for investments, this will also attract foreign investors.
It will also add more participation from the private sector in state owned companies.
What’s next?
Following the approval of the ministry, both companies will need to be prepared for listing.
Safi in particular poses a challenge as the company is not large enough currently to be listed as per regulations. Safi may need to be a part of a larger entity before being listed.
Safi and Wataniya being prepared for an IPO 🚨
