Egypt to relaunch government IPOs program on the stock exchange

RIYADH: The Egyptian government is preparing to relaunch its initial public offering program, coinciding with the call for the meeting of the Governmental IPOs Committee to convene next week, Egyptian Finance Minister Mohamed Maait told Asharq.

The Egyptian government intended to issue shares of 10 government companies on the stock exchange during the year, a plan that was put on hold following the Russian-Ukrainian crisis.