Egypt’s Sovereign Fund received offers for Safi as part of IPO program, says sources

Tue, 16 May 2023 - 10:25 GMT

In a statement last week, the government announced that the Safi Water and Wataniya companies' database for petroleum product distribution has been opene

Egypt to offer 10 more Armed Forces’ companies on stock exchange: PM

Sat, 29 Apr 2023 - 06:55 GMT

Egypt is preparing to offer 10 more companies belonging to the Armed Forces on stock exchange after it had offered shares in army-owned Wataniya Petroleum Company and National Company for Producing and Bottling Water (Safi), Prime Minister Mostafa Madbouli said on Saturday.

Egypt to start procedures for offering NPC, SAFI on EGX Wednesday

Sun, 12 Mar 2023 - 04:18 GMT

“The offering process aims to maximize the value of the two companies and attract investors from the local or foreign private sector,” according to the cabinet spokesman, Ambassador Nader Saad.

Egypt approves qualification of ELWATANYA, SAFI for their offering on EGX

Wed, 20 Jul 2022 - 09:09 GMT

Egypt is working on offering a number of army-affiliated companies on the EGX through the Egypt Sovereign Fund, which handles the process of selecting and structuring assets, with the aim of expanding the shareholder base and promoting local and foreign private investments.