{"id":322273,"date":"2021-06-07T14:47:02","date_gmt":"2021-06-07T14:47:02","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322273"},"modified":"2021-06-07T14:47:02","modified_gmt":"2021-06-07T14:47:02","slug":"egypt-to-resume-ipos-of-state-run-firms-starting-october-sources","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/06\/07\/egypt-to-resume-ipos-of-state-run-firms-starting-october-sources\/","title":{"rendered":"Egypt to resume IPOs of state-run firms starting October \u2013 sources"},"content":{"rendered":"<p>Egypt\u2019s government plans to resume its programme to sell stakes in state-run firms by the beginning of next October, with IPOs of two firms expected to be on offer, sources with knowledge told local press<\/p>\n<p>Authorities in Egypt had launched the IPO programme about four years ago to either list anew or sell additional stakes in state-run companies, but the initiative stalled amid a market downturn due to the coronavirus pandemic.<\/p>\n<p>The programme is part of a broader plan to revive Egypt\u2019s economy as authorities had hoped to raise around 100 billion Egyptian pounds ($6.37 billion) from the sale of stakes in more than 20 companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s government plans to resume its programme to sell stakes in state-run firms by the beginning of next October, with IPOs of two firms expected to be on offer, sources with knowledge told local press<\/p>\n","protected":false},"author":4,"featured_media":321589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-322273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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