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Is now the right time for Egypt’s government IPOs?

The current time is appropriate for the government to resume its IPO programme, in parallel with the economic reform plan.
25.01.23 | Source: Zawya

Chairperson of Banque du Caire Tarek Fayed said in televised statements that the bank is ready to complete its offering at any time the government deems appropriate. The statement raised a question about the appropriate timing for the offering, especially with the International Monetary Fund (IMF) announcing that the Egyptian government pledged to exit from assets and increase the role of the private sector in the Egyptian economy.


Investment banks, surveyed by Daily News Egypt, said that the current time is appropriate for the government to resume its IPO programme, in parallel with the economic reform plan.


Hany Genena, an economist and economics lecturer at the American University, pointed out that Banque du Caire’s offering was delayed for various reasons, and the current period is very suitable for the step, and there is no reason to delay it, given the conditions that financial markets are going through around the world.

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