IPO WATCH- The cabinet committee overseeing a program to IPO state-owned companies discussed “taking the necessary steps” to move ahead with the planned listing of petroleum services outfit Enppi during its first meeting yesterday, Investment Minister Sahar Nasr said, Ahram Gate reports. Nasr and the ministers of finance, oil, and public enterprises sit on the committee, which was reconstituted last week and also includes cabinet’s secretary for legislative affairs. Enppi is set to be the first state-owned company to list on the EGX under the government’s IPO program, and the state is looking to raise USD 213-267 mn from the sale of a 24% stake. CI Capital, Emirates NBD and Jeffries are running the Enppi transaction, we reported back in July.

Tags: