Egypt Signs Agreement with CI Capital Alliance to Offer 24% of ENPPI Stakes in Stock ExchangeSource: www.export-egypt.com 10/5/2018, Location: Africa |
|
|
|
|
|
Egypt's Ministry of Petroleum announced the signing of an agreement with investment alliance bank CI Capital, Jefferies Bank and Emirates NBD to offer and promote 24 percent of the Egyptian Engineering for Petroleum and Process Industries (ENPPI) in the Egyptian Stock Echange EGX.
The Ministry of Petroleum agreed in March to put up to 24 percent of the shares of ENPPI in the Egyptian stock exchange as part of the government's plan to offer shares from more than 20 companies within three years. The Egyptian presidency announced in January 2016 that Egypt would offer stakes in successful governmental companies and banks in the stock market. The last public offering was in 2005 when shares of Telecom Egypt, Alexandria Mineral Oils Company AMOC and Sidi Kerir Petrochemicals Sidpec were sold. Egypt business sector minister Hesham Tawfik said in September that the country will offer additional shares in five state-owned companies on the Egyptian Exchange during three months at a price that increases or decreases 10 percent from the market price. The Egyptian government has been 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 in September that the government would start the offering program with a 4.5 percent stake in Eastern Tobacco Company. |
|
|
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 | |
