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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.”

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