The Clap
Some 19 companies’ ownership has been transferred from the Ministry of Public Enterprise to the Ministry of Transportation.
What
The move comes as a step for these companies to list on the EGX, in an effort to increase the private sector’s participation.
So what
Port Said Container & Cargo Handling Company, which recently listed its shares on the EGX’s database ahead of an IPO, aims to offer a 15% stake on the EGX in H1-2023.
Now what
These companies are now being prepped to comply with the EGX’s listing regulations, as some of them are suffering from poor management &/or unstable financial positions.
