Arab Finance: Misr Life Insurance Company, a subsidiary of the state-owned Misr Insurance Holding, will be ready for an initial public offering (IPO) before the end of the first half of 2023, Public Business Sector Minister Mahmoud Esmat told Asharq Business on February 21^st.

Esmat noted that some technical matters recommended by the offering advisors are currently being met.

The minister did not reveal more details about the stake to be offered or the offering mechanism, whether it will take place through the Egyptian Exchange (EGX) or in front of strategic investors, or a combination of the two.

Misr Life Insurance was among a list of 32 state-owned companies that the government announced to be offered on the EGX, to strategic investors, or a mix of both.

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