Egypt aims to list 4-5 government companies on the stock exchange before the end of the year

Cairo, June 4, 2017 – Egyptian Prime Minister Mostafa Madbouly said that Egypt aims to list four to five state-owned companies on the stock market before the end of December.

Madbouly added in a press conference today that the government also intends to convert in-kind support into cash support during the next fiscal year, and explained that the goal is

It is not to reduce the monetary value of the support, but rather to ensure that it reaches those who deserve it.

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