Egypt’s IPO Programme Attracted USD 3.5 Billion Investments in a Year
The government is aiming to attract USD 5 billion through the IPO Programme.
The Ministry of Finance revealed that the Initial Public Offering (IPO) programme, which commenced in February 2023, has attracted USD 3.5 billion in investments so far.
The government’s IPO programme will offer 35 state-owned companies to strategic investors by the end of June 2024 in order to attract greater investment in a multitude of sectors, with an aim of USD 5 billion in total. A list of 32 companies was unveiled in February 2023, with an additional three companies added later in the year, namely Eastern Company, Al Ezz Dekhila and Telecom Egypt.
The IMF has projected a financing gap of USD 17 billion for Egypt by 2026, with an estimated shortfall of USD 6 to USD 8 billion for the current fiscal year, 2023/2024.
- Previous Article سندباد الورد أضحي سلطاناً: مراجعة لألبوم شب جديد والناظر 'سلطان'
- Next Article Egyptian Embassies Around the World
Related Articles
Trending This Week
-
-
-
-
May 02, 2024
Events Calendar
