Egypt to Offer Shares In Five State-owned Companies during Three Months:Source: www.export-egypt.com 9/17/2018, Location: Africa |
|
|
|
|
|
Egypt will offer additional shares in five state-owned companies on the Egyptian Exchange (EGX) during three months at a price that increases or decreases 10 per.
"The offered price of the state-owned companies' shares will be its market price or greater or less than 10 percent", Tawfiq told a news conference . The government is working on a program to offer shares of dozens of its owned companies over the next three to five years in sectors such as oil, services, chemicals, shipping, marine services and real estate to help support the state's public finances. The Ministry of Finance said earlier this month that the government would start the offering program with a 4.5 percent stake in Eastern Tobacco Company. This will be followed by offering about 20 percent of the shares of Alexandria Minerals Oil Company (AMOC) and then other companies such as Heliopolis Company for Housing and Development. "We will be offering shares of another group of companies within six to nine months after the end of the first phase of offering shares in five companies," Tawfiq added. The last public offering of state-owned companies was in 2005 when shares of Telecom Egypt, AMOC and Sidi Kerir Petrochemicals Co. (Sidpec) were sold. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | |
