Egyptian firms on the stock exchange seek IMF support

The Egyptian government has temporarily registered 20 state-owned companies on the Egyptian stock exchange, with the aim of paving the way for their eventual offering. This step aligns with the International Monetary Fund's requirements to strengthen the role of the private sector and reduce the state's involvement in economic companies. The temporary registration is an initial phase before the final offering, followed by actual trading within six months, provided that the necessary procedures are completed. During this period, the disclosure of material information is mandatory, along with a genuine intention to list in the future. This move is part of the Egyptian government's efforts to support structural reforms, achieve a balance between the public and private sectors, and enhance the resilience of the national economy.

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