{"id":565362,"date":"2021-04-05T13:49:40","date_gmt":"2021-04-05T13:49:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/"},"modified":"2021-04-05T13:49:40","modified_gmt":"2021-04-05T13:49:40","slug":"at-least-two-state-companies-could-hit-the-egx-in-3q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/","title":{"rendered":"At least two state companies could hit the EGX in 3Q2021"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Two or three state-owned companies will sell shares on the EGX in 3Q2021<\/strong>, reviving the long-dormant state-privatization program, Public Enterprises Minister Hisham Tawfik said during an industry conference today, according to <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2BS0PD\">Reuters<\/a>. Tawfik didn\u2019t mention the names of the companies lined up, or whether the offerings will be IPOs or secondary sales.<\/p>\n<p><strong>Is e-Finance going first? <\/strong>The IPO of the state\u2019s e-payments arm e-Finance <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9dcf72de-83f0-4f8b-a789-7f634c29f006\">is expected<\/a> sometime during the second half of 2021, Chairman Ibrahim Sarhan said earlier this week in a statement that coincides with the timeline provided by Tawfik. E-Finance was among a lineup of state enterprises that were originally expected to hit the bourse in pre-pandemic 2019. But the government <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/01\/wave-two-of-egypts-state-privatization-program-kicked-to-early-2020\/\">put a pause to its listings program<\/a>, citing a series of unexpected delays that came just before covid further stalled the program. Unconfirmed press reports suggested Banque du Caire will be another state-owned enterprise whose IPO <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a415199c-879d-44cc-9c9d-2db535e12dac\">will materialize by year-end<\/a>.<\/p>\n<p><strong>A quick recap of the program:<\/strong> The state privatization program ran headlong into global market turmoil since it was announced in 2018 and has seen transactions postponed multiple times. It is due to include both stake sales by already-listed companies and fresh IPOs. Out of the two dozen companies slated to IPO or offer secondary stakes, only a single offering has materialized: Tobacco monopoly Eastern Company\u2019s 4.5% secondary offering in March 2019. Banque du Caire had planned to debut 20-30% of its shares on the EGX <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40690e96-1782-465c-b1ae-4e96bd528bea\">in April<\/a> 2020 but shelved plans due to the onset of the pandemic. Alexandria Containers, Abu Qir Fertilizers, and Sidi Kerir Petrochemicals have also pushed back stake sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two or three state-owned companies will sell shares on the EGX in 3Q2021, reviving the long-dormant state-privatization program, Public Enterprises Minister Hisham Tawfik said during an industry conference today, according to Reuters. Tawfik didn\u2019t mention the names of the companies lined up, or whether the offerings will be IPOs or secondary sales. Is e-Finance going [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":565363,"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":[10104],"tags":[726,339,633,153,125,81,79,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-privatization-watch","tag-banque-du-caire","tag-e-finance","tag-enterprisepm","tag-hisham-tawfik","tag-investment-watch","tag-privatization-watch","tag-public-enterprises-ministry","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"6c843e67-c38f-4481-b7a2-84e4373812b8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/332.jpg","photo_position":"above","related_issue":[565358],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>At least two state companies could hit the EGX in 3Q2021 - 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\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"At least two state companies could hit the EGX in 3Q2021\" \/>\n<meta property=\"og:description\" content=\"Two or three state-owned companies will sell shares on the EGX in 3Q2021, reviving the long-dormant state-privatization program, Public Enterprises Minister Hisham Tawfik said during an industry conference today, according to Reuters. Tawfik didn\u2019t mention the names of the companies lined up, or whether the offerings will be IPOs or secondary sales. Is e-Finance going [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-05T13:49:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/332.jpg?fit=%2C&ssl=1\" \/>\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\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"At least two state companies could hit the EGX in 3Q2021\",\"datePublished\":\"2021-04-05T13:49:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/\"},\"wordCount\":275,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/332.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Banque du Caire\",\"e-finance\",\"EnterprisePM\",\"Hisham Tawfik\",\"investment watch\",\"privatization watch\",\"Public Enterprises Ministry\",\"state privatization program\"],\"articleSection\":[\"SPEED ROUND: PRIVATIZATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/05\/at-least-two-state-companies-could-hit-the-egx-in-3q2021\/\",\"name\":\"At least two state companies could hit the EGX in 3Q2021 - 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The committee could shuffle the planned order of stake sales, Tawfik said, but\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/126.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543386,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/state-privatization-program-to-resume-in-march-maait\/","url_meta":{"origin":565362,"position":1},"title":"State privatization program to resume in March -Maait","author":"enterpriseam admin","date":"31 January 2022","format":false,"excerpt":"Privatization program to resume in March -Maait: We can expect more state-owned companies to offer shares on the EGX in the coming weeks, according to Finance Minister Mohamed Maait, who told Bloomberg Asharq (watch, runtime: 3:26) yesterday that the state privatization program will resume in March. This comes a few\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/537.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":565362,"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 &quot;SPEED ROUND: PRIVATIZATION WATCH&quot;","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":603407,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/state-owned-e-finance-is-part-of-second-wave-of-egypts-privatization-program\/","url_meta":{"origin":565362,"position":3},"title":"State-owned e-finance is part of second wave of Egypt\u2019s privatization program","author":"enterpriseam admin","date":"22 April 2019","format":false,"excerpt":"IPO WATCH- Fintech company e-finance will IPO as part of the second privatization wave: State-owned financial technology company e-finance will be part of the second wave of the state privatization program, which is set to begin as early as September, Public Enterprises Minister Hisham Tawfik said, without providing further details.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/Egypt-state-privatization-program-IPOs.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562307,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/19\/are-we-in-for-an-ipo-heavy-2h2021\/","url_meta":{"origin":565362,"position":4},"title":"Are we in for an IPO-heavy 2H2021?","author":"enterpriseam admin","date":"19 May 2021","format":false,"excerpt":"The Egyptian Exchange could see as many as five more companies offer shares for sale before the year is out, EGX Chairman Mohamed Farid told CNBC Arabia, confirming a statement he made last month (watch, runtime: 1:23). According to Farid, two or three companies could offer their shares on the\u2026","rel":"","context":"In &quot;IPO&quot;","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":573797,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/could-we-be-getting-more-clarity-on-the-fate-of-egypts-state-privatization-program-this-month\/","url_meta":{"origin":565362,"position":5},"title":"Could we be getting more clarity on the fate of Egypt\u2019s state privatization program this month?","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"PRIVATIZATION WATCH- Could we be getting more clarity on the fate of the state privatization program this month? Finance industry lobby group ECMA is planning to discuss the state privatization program with Public Enterprises Minister Hisham Tawfik before the end of the month, ECMA Chairman Mohamed Maher told Al Mal.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=565362"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565362\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565363"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565362"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565362"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}