Egypt to Resume IPOs of State-Run Firms by End of March, Minister Says

Banque du Caire slated to be second in line-up of 3 companies
IPO program had been delayed amid downturn in the market

Financial traders work beneath digital boards displaying financial data in the trading hall of the Egyptian stock exchange in Cairo.Photographer: Shawn Baldwin

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By Abdel Latif Wahba

February 18, 2020 at 4:26 PM UTC

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Egypt’s government plans to resume its program to offer stakes in state-run firms by the end of March, with Banque du Caire’s IPO expected to be second in a line-up of three companies on offer, Public Enterprise Minister Hisham Tawfik said.