State-owned Firms

Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX) to accelerate its initial public offering (IPO) programme and boost private sector participation. The firms include two subsidiaries of the Chemical Industries Holding Company and four from the Metallurgical Industries Holding Company. The listing ceremony was attended by Financial Regulatory Authority Chairperson Islam Azzam, Prime Minister Assistant Hashem El-Sayed, and EGX Deputy Chairperson Mohamed Sabry.