Egypt plans to list 4-5 government firms this year

Egyptian Prime Minister Mostafa Madbouly stated that the country intends to list four to five state-owned companies on the stock exchange before the end of December, in order to strengthen the private sector and attract investments as part of economic reform efforts linked to the $8 billion program with the International Monetary Fund. He also mentioned transitioning from in-kind support to cash assistance in the upcoming fiscal year to ensure it reaches the eligible recipients, with more than 60 million people benefiting from subsidized goods.

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