Thndr Claps » EGY Claps » Economy 🏙 » State-owned companies’ listing in advanced stages 🏁
The ClapThe Sovereign Fund of Egypt added 5 companies to the “Pre-IPO fund,” according to Asharq.
WhatThe companies are:
The SFE added these companies to the Pre-IPO fund in order to sell 20%-30% stakes in them.
So WhatThis step means that the government is following the IMF’s plan to implement the government offerings program, which will bring Egypt a large inflow to pay off its debts.
Now WhatDuring January 2023, the SFE will conduct a promotional tour to present investment opportunities in these companies.
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