Egypt to Offer Stakes in at Least 10 State-Held Firms in 2025
- Four military-linked companies on list announced by premier
- IMF has urged state to scale back its involvement in economy
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Egypt plans to offer stakes in at least 10 state-held companies next year, including four affiliated with the military, pressing forward with an International Monetary Fund-backed drive to reduce the government’s role in the economy.
The firms, which include AlexBank and Banque du Caire, will either be offered to strategic investors or on the local stock market, Prime Minister Mostafa Madbouly said Wednesday in a televised press conference.