Egypt reconstrues companies affiliated with armed forces to be offered on EGX

CAIRO - 17 January 2022: The Egyptian government aims to float everal companies on the Egyptian Stock Exchange during the next year, including companies affiliated with the armed forces that operate in the civilian economic sectors, the Primer Mostafa Madbouly said.

Madbouly added, in a TV interview, that these companies affiliated with the armed forces are being restructured in preparation for being offered on the Egyptian Stock Exchange.

Egyptian President Abdel Fattah El-Sisi confirmed, in previous statements, that the armed forces companies will be listed on the stock exchange, saying: The companies will be available to all Egyptians, not just the private sector.