Arab Finance: Egypt is considering floating additional shares in both Abu Qir Fertilizers and Chemicals Industries Company (ABUK) and Sidi Kerir Petrochemicals Company (Sidpec) under the government’s initial public offering (IPO) program, Al Mal News reported on May 1st, citing unnamed sources familiar with the matter.
On April 9th, it was reported that Egypt was studying the possibility of adding the Export Development Bank of Egypt (EBank) to its IPO program.
On February 8th, the Cabinet announced that it would offer 32 state-owned companies and banks for sale on the Egyptian Exchange (EGX), or to strategic investors.