Egyptian public sector's ENPPI to be listed in stock exchange: Prime minister

Ahram Online , Tuesday 4 Jul 2017

PM Sherif Ismail
A file photo of Egypt's PM Sherif Ismail (photo:Al-Ahram Arabic website)

The Egyptian government will start to list state-owned and public sector companies in the stock exchange -- beginning with the Engineering for the Petroleum and Process Industries company (ENPPI) -- within two months, Prime Minister Sherif Ismail said on Monday.

In press statements at the cabinet headquarters, the prime minister said that the government was working to list all public sector companies and banks in the stock exchange in this time period in order to "refresh the Egyptian exchange."

Sherif added that the government was in the midst of revising a draft investment bill, which would be ready to be submitted to parliament in August.  

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