Misr Insurance EGM signs off on potential EGX listing

IPO WATCH- Misr Insurance EGM signs off on potential EGX listing: An extraordinary general meeting of Misr Insurance Holding Company shareholders approved yesterday listing on the EGX as part of the state privatization program, according to a Public Enterprises Ministry statement carried by Youm7. No details were provided on the expected size or timeline of the potential transaction. Misr Insurance is one of 23 state-owned companies included in the official lineup for the state’s privatization program, whose first phase the government hopes will reel in EGP 15-18 bn.