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FINANCIAL NEWS
Egypt to offer 20 to 30% shares in public business sector
20 Aug 2016
(MENAFN) The Prime Minister Sherif Ismail said that his country will offer between 20 to 30% of share in public business sector companies in initial public offering.
Additionally, the Egyptian government is working on upgrading all the public-sector firms including operating in iron and steel.
Presidential spokesman Alaa Youssef stated in a statement that: “The coming period will witness offerings of parts of the capital of successful Egyptian companies and banks on the bourse.”
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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