Arab Finance: Prime Minister Mostafa Madbouly followed up on the procedures for the offerings of the National Co for Producing and Bottling Natural Water (Safi) and Wataniya, as per an official statement.

The anticipated initial public offerings (IPOs) align with the State Ownership Policy Document and the government’s efforts to support the private sector and increase its contribution to the economy.

Along with Safi and Wataniya, Silo and ChillOut, affiliated with the Armed Forces, are set to be offered on the Egyptian Exchange (EGX), Madbouly said.

The government plans to see through the companies’ IPOs during 2025 and determine a timetable for the offering process.

In December, Al Arabiya Business reported that some investment banks reviewed Wataniya and Safi, in preparation for IPOs on EGX in the first quarter (Q1) of 2025.

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