Arab Finance: The Egyptian Exchange (EGX) could see initial public offerings (IPOs) of three to five state-owned firms during the second half of this year, Mostafa Gad, Co-Head of Investment Banking at EFG Hermes, told Asharq Business on March 6^th.

In February, Egypt announced that it is looking forward to offering shares in up to 32 companies for sale on the EGX, to strategic investors, or a mix of both.

Egypt’s IPO program to include 61 additional companies Updated 1/10/2024 9:53:00 AM

EBRD eyes stakes in Egyptian companies under state IPO program: Harmgart Updated 11/29/2023 6:24:00 AM

Egypt targets up to $5B in proceeds from IPO program by June 2024 Updated 9/10/2023 11:32:00 AM

Egypt prepares to list 50 state-run firms under IPO program Updated 7/12/2023 2:11:00 PM

Emirati firms most likely to win Egypt’s Safi, Wataniya takeover deals Updated 5/21/2023 7:33:00 AM