Arab Finance: Egypt is receiving offers from investors seeking to buy shares in the military-owned National Company for Producing and Bottling Water (Safi) and the fuel retailer Wataniya during May, Cabinet’s Spokesperson Nader Saad stated on May 8^th.

Major Egyptian and international consortia expressed their interest in submitting their offers, Sadd noted.

The remarks came during the meeting held by Prime Minister Mostafa Madbouly to follow up on the country’s initial public offering (IPO) program.

Madbouly stated that the country is currently finalizing the procedures of several offers within the IPO program, adding that the details will be disclosed soon.

The IPO program aims to sell stakes in 32 state-owned companies across various sectors to attract strategic investors.

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