September 9, 2021

Gulf Canadian Real Estate Investment witness change in shareholding structure


e-finance to be first government IPO in November: Sources

Minister of Planning and Economic Development Hala El-Said has said that the government IPO programme will resume before the end of this year. The offerings will include a number of undisclosed state-affiliated companies.

Sources told Daily News Egypt that e-finance company for digital payments infrastructure will be the first offering, and it is expected to be implemented by November. The offering is expected to reach 10% of the company’s shares.

The sources also suggested that e-finance would be the only offering in the government IPO programme in 2021, to be followed by Banque du Caire in 2022.

Offering of e-finance is one of five or six IPOs expected to be seen this year, according to Chairperson of the Egyptian Exchange (EGX) Mohamed Farid.

Ebtikar for e-payments will also offer part of its shares on EGX before the end of this year.

dailynewsegypt


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