{"id":561398,"date":"2021-04-06T04:00:43","date_gmt":"2021-04-06T04:00:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/"},"modified":"2021-04-06T04:00:43","modified_gmt":"2021-04-06T04:00:43","slug":"more-listings-please","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/","title":{"rendered":"More listings, please."},"content":{"rendered":"

<\/a> Another two listings coming this year?<\/strong> An agricultural company and a petrochemicals firm will offer shares on the EGX this year, bourse chairman Mohamed Farid said yesterday<\/a>, without disclosing whether they would be primary or secondary offerings. This came on the same day that Public Enterprises Minister Hisham Tawfik announced<\/a> that two or three state-owned companies will sell shares in 3Q2021 in a reboot of the state privatization program.<\/p>\n

Egypt has caught some of the <\/strong>global IPO fever<\/a><\/strong> in the past few weeks:<\/strong> Higher education management company Taaleem saw strong demand from institutional players<\/a> and retail traders<\/a> when it kicked off its IPO last week, while cosmeceutical and nutraceutical player Macro Pharma will start trading on 19 April<\/a>. Consumer healthcare company IDH could go ahead with a 5% technical listing as soon as this month<\/a>.<\/p>\n

State priva-what program?<\/strong> Yeah, it has been a while. Even before covid, the government\u2019s privatization drive had seen repeated delays and cancellations, with only Eastern Company going ahead with a secondary offering in the three years since the program was announced. The program ran headlong into global market turmoil last year though as the pandemic sent shockwaves through the global markets .Alexandria Containers, Abu Qir Fertilizers, and Sidi Kerir Petrochemicals have also pushed back stake sales.<\/p>\n

ALSO KEEP YOUR EYE ON: <\/strong>Naguib Sawiris\u2019 Ora Developers<\/strong> could IPO<\/a><\/strong> on the EGX at some point in the future and is currently planning to acquire<\/a> a 600-acre land plot<\/strong> on the North Coast.<\/p>\n","protected":false},"excerpt":{"rendered":"

Another two listings coming this year? An agricultural company and a petrochemicals firm will offer shares on the EGX this year, bourse chairman Mohamed Farid said yesterday, without disclosing whether they would be primary or secondary offerings. This came on the same day that Public Enterprises Minister Hisham Tawfik announced that two or three state-owned […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7224],"tags":[97,68,72,78,2221,705,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561398","post","type-post","status-publish","format-standard","hentry","category-ipo-watch","tag-agriculture","tag-egx","tag-enterpriseam","tag-ipo-watch","tag-mohamed-farid","tag-petrochemicals","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"4b12e641-eaa3-4c61-899d-d0e7afb273bf","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561391],"teaser":"","voice_url":""},"yoast_head":"\nMore listings, please. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More listings, please.\" \/>\n<meta property=\"og:description\" content=\"Another two listings coming this year? An agricultural company and a petrochemicals firm will offer shares on the EGX this year, bourse chairman Mohamed Farid said yesterday, without disclosing whether they would be primary or secondary offerings. This came on the same day that Public Enterprises Minister Hisham Tawfik announced that two or three state-owned […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T04:00:43+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"More listings, please.\",\"datePublished\":\"2021-04-06T04:00:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/\"},\"wordCount\":247,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"agriculture\",\"EGX\",\"EnterpriseAM\",\"IPO watch\",\"Mohamed Farid\",\"petrochemicals\",\"state privatization program\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/\",\"name\":\"More listings, please. - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-04-06T04:00:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"More listings, please.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"More listings, please. - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/","og_locale":"en_US","og_type":"article","og_title":"More listings, please.","og_description":"Another two listings coming this year? An agricultural company and a petrochemicals firm will offer shares on the EGX this year, bourse chairman Mohamed Farid said yesterday, without disclosing whether they would be primary or secondary offerings. 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According to Farid, two or three companies could offer their shares on the\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/148.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561255,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/","url_meta":{"origin":561398,"position":1},"title":"Burnin\u2019 up","author":"enterpriseam admin","date":"31 March 2021","format":false,"excerpt":"\u2026And while we\u2019re on the subject of IPOs: We could see five or six new listings hitting the EGX in 2021, which may pave the way for the return of institutional investors into the market, EGX Chairman Mohamed Farid tells Al Arabiya. Farid didn\u2019t provide any further details on the\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/368.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566598,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/29\/two-or-three-state-companies-are-making-egx-debuts-this-year\/","url_meta":{"origin":561398,"position":2},"title":"Two (or three) state companies are making EGX debuts this year","author":"enterpriseam admin","date":"29 June 2021","format":false,"excerpt":"The state privatization program could make a comeback as early as September, with two to three companies expected to sell shares on the EGX before the year is out, Financial Regulatory Authority (FRA) boss Mohamed Omran told reporters in a press conference today. Omran did not name the companies, and\u2026","rel":"","context":"In "SPEED ROUND: PRIVATIZATION WATCH"","block_context":{"text":"SPEED ROUND: PRIVATIZATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/610.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595077,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/","url_meta":{"origin":561398,"position":3},"title":"Egypt expects several IPOs by year-end","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"IPO WATCH - Pharma company looking to make EGX debut this year: One private pharma company worth more than USD 61 mn is planning to offer shares on the stock market by year\u2019s end, Sayed Abdel Fadeel, head of the Financial Regulatory Authority\u2019s corporate finance department, told Reuters without naming\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/247.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590646,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/mohamed-farid-aramco-has-no-direct-impact-on-egx\/","url_meta":{"origin":561398,"position":4},"title":"Mohamed Farid: Aramco has no direct impact on EGX","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"Saudi Aramco\u2019s IPO has had no direct impact on the EGX, exchange boss Mohamed Faridsaid at a symposium organized by Youm7 to discuss raising listings on the bourse. Aramco had only an indirect impact by changing companies\u2019 relative weight in global market indices such as the MSCI Emerging Markets Index.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/Mohamed-Farid-EGX-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568583,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/foreigners-net-buyers-of-egyptian-securities-in-2019-more-from-mohamed-farid\/","url_meta":{"origin":561398,"position":5},"title":"Foreigners net buyers of Egyptian securities in 2019 + more from Mohamed Farid","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Strong appetite for Egypt\u2019s fixed-income assets meant that net foreign purchases of Egyptian securities came in at EGP 42.3 bn last year, despite equities seeing EGP 1.7 bn in net outflows, EGX boss Mohamed Farid said in an interview yesterday. 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