Last Update 10:42
Wednesday, 23 October 2019

Egypt names five public sector companies to be publicly listed

Ahram Online , Tuesday 17 Jul 2018
Views: 4396
Views: 4396

Egypt announced on Tuesday the names of the first five public sector companies to be publicly listed on the Egyptian stock exchange this year, the Egyptian government said.

In a statement released on Tuesday, the cabinet announced that stated-owned Alexandria Mineral Oils Company, Eastern Tobacco, Alexandria Container and Cargo Handling, Abou Kir Fertilizers, and Heliopolis Housing would be listed.

The five companies are already listed on the stock exchange but the government will increase the public stakes offered in the listing to decrease the shares owned by the state.

The cabinet did not specify the exact timing of the share offering or the size of the shares in its statement.

In statements to media earlier this week, Public Sector Minister Hisham Tawfik said that the companies would be listed in the stock exchange in the last quarter of 2018.

According to the International Monetary Fund, the Egyptian government has agreed to publicly list not less than four state-owned companies in the stock exchange as part of its package of economic reforms.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.