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Egypt seeks up to $5 billion from state IPO program by mid-2024

Egypt seeks to raise $5 billion from state IPO program by mid-2024

The government announced that it collected $5 billion from offering stakes in 13 companies between March 2022 and July 2023.
EFG Hermes Abraj Energy IPO

EFG Hermes concludes advisory on $244 million IPO of Abraj Energy

The IPO attracted demand of $2.05 billion (OMR 791 million) for shares from both retail and institutional investors

Egypt’s cabinet approves listing of army companies Wataniya and Safi

Egypt’s cabinet approved the pre-listing procedures for military companies, petrol stations operator Wataniya Petroleum and water company National Company for Producing and Bottling Water...