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Egypt seeks up to $5 billion from state IPO program by mid-2024

Egypt seeks to raise $5 billion from state IPO program by mid-2024

Arabiya Capital Staff -
The government announced that it collected $5 billion from offering stakes in 13 companies between March 2022 and July 2023.
Egypt sold 162 million shares for EGP 23.11 apiece

Egypt offloads 9.5% stake in Telecom Egypt for $121 million

Arabiya Capital Staff -
Egypt is offering a further 0.5% for company employees to buy until May 25

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