ECOVIS Egypt in Cairo

Tax advisors, accountants and auditors in Egypt

ECOVIS ELKADEEM & CO.

193 El-Orouba St., Heliopolis

11361 Cairo

Egypt

Tel.: +20 2-22 66 00 09
E-Mail: cairo@ecovis.com

The Finance Ministry unveils its state IPO program

20.03.2018

The Finance Ministry announced its company line up for its state IPO program. The uncovering was of 23 state-owned companies whom will either IPO or list additional shares on EGX as per a statement issued by Ismail’s cabinet. The offering will be between 15% to 30% of each of the companies. The cumulative value of the listings, which will take place over the coming 24-30 months, is expected to reach EGP 80 bn and would raise their collective market capitalization to EGP 450 bn, the ministry added.

Ecovis in Egypt provides investment and financial consultancy, if you wish to know more information contact us on (cairo@ecovis.com) and visit Our Services page.