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Thndr Claps » Uncategorized » No Safi or Wataniya IPOs this year🚫

No Safi or Wataniya IPOs this year🚫

by Shams Abbas
October 25, 2022

The Clap
State-owned Safi & Wataniya will not IPO this year after all, according to the Sovereign Fund of Egypt’s CEO Ayman Soliman.

Why?
While Soliman didn’t give a definitive answer as to why the companies won’t IPO this year, he stated that expectations are growing higher & higher for these state-owned companies’ IPOs.

You should know
Safi & Wataniya are being prepped to go public in an effort by the government to increase the private sector’s involvement.

What now
Soliman did mention that a private offering to strategic investors is expected.

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