EGX likely to witness up to 5 IPOs of state-run firms in H2

Updated 3/6/2023 2:30:00 PM

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 6th.

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.


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