Arab Finance: The Egyptian government has achieved $5.6 billion so far from fully or partially exiting 14 companies within the initial public offering (IPO) program, Prime Minister Mostafa Madbouly stated in a press conference.
Madbouly noted that the government, in cooperation with the International Finance Corporation (IFC), has conducted preliminary studies on offering 50 state-owned firms for sale.
He added that a special focus would be on four sectors with top priority, namely airports, communications, banking, and insurance.