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Thndr Claps » EGY Claps » EGX 🔔 » 20+ new companies on the EGX in 2023?

20+ new companies on the EGX in 2023?

by Shams Abbas
February 2, 2023

Prime Minister Mostafa Madbouly stated that 20 or more government companies will be hitting the Egyptian stock exchange in 2023.

What
The offerings will include a mix of public offerings and deals with strategic investors.

So what
The goal, according to the Prime Minister, is to give these companies a financial boost and help them expand their production lines, leading to more job opportunities.

Now what
The announcement of the listed companies will be made in the coming week.

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