Egypt’s Prime Minister Mustafa Madbouly announced on 8 February that stakes in 32 state-run companies will be floated on the Egyptian stock exchange, sold privately to investors or potentially both as Cairo looks to raise money to meet its funding needs for the 2022-23 financial year and beyond.
Mr Madbouly says that the sales will be completed over the next twelve months, while the sale of eight of the 32 firms will be completed within the next six months, (CONTINUED - 2203 WORDS)
