Egypt plans to offer stakes in 6 state-owned companies to strategic investors between October 2023 and June 2024 under the government initial public offering (IPO) program, according to the Information and Decision Support Center (IDSC).
The government will offer stakes in firms working in the fields of energy and oil refining and water desalination, among others.
stake to be offered in the companies
A total of $5 billion is expected to be raised from this sale.