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El Sisi directs cabinet to speed up public sector's IPOs

El Sisi directs cabinet to speed up public sector's IPOs
Egyptian President Abd Elfattah El Sisi

Cairo - Mubasher: Egyptian President Abd Elfattah El Sisi has ordered the government to expedite carrying out the initial public offerings (IPO) programme in the Egyptian Exchange (EGX), in order to attract more investments.

The Egyptian government is executing a programme that includes listing the stocks of several public firms, as part of an economic reform programme that was approved as part of the International Monetary Fund’s (IMF) $12 billion loan deal.