Enppi and AMOC first state companies to be listed in EGX in 2017 -Investment Minister

AMOC and Enppi in line to become the first state-owned companies to offer shares on EGX this year: Additional shares in Alexandria Mineral Oils Company (AMOC) could be offered on the EGX and petroleum industry contractor Enppi could IPO in the first phase of the state’s “IPO program” for publicly owned companies, Al Borsa reports.Investment Minister Dalia Khorshid said during a press conference that the Investment Ministry will begin promoting the offerings after obtaining official approval from the two companies’ board of directors. The government is expected to offer a number of other companies by the end of 1H2017, the newspaper speculates. The story does not mention Banque du Caire, which had been widely expected to be the first IPO out of the program.