{"id":581386,"date":"2023-02-09T00:00:00","date_gmt":"2023-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/"},"modified":"2023-02-09T00:00:00","modified_gmt":"2023-02-09T00:00:00","slug":"rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/","title":{"rendered":"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors"},"content":{"rendered":"

<\/span><\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

<\/span>The reveal:<\/span> The government will sell stakes in 32 state-owned companies over the next <\/span>year under a rebooted privatization program designed to pull the country out of its financial crisis and secure much needed FX. In <\/span>a press conference<\/a><\/span> yesterday (<\/span>watch, runtime: 16:22<\/a><\/span>), Prime Minister Moustafa Madbouly said that the state will offer shares in the companies to strategic investors, via offerings on the EGX and a mix of both over the next 13 months.<\/span><\/p>\n

That\u2019s 12 more than last week:<\/span> In an address last week, the prime minister said that <\/span>at least<\/a><\/span>20 companies<\/a><\/span> will be named as part of the state offering program.<\/span><\/p>\n

Expect the first sales to take place in the next seven weeks: <\/span>The ambitious program will <\/span>begin during the current quarter and continue through to the end of 1Q 2024, Madbouly said. The government aims to complete at least 25% of the share sales within the first six months of the program, he said.<\/span><\/p>\n

Yes, but #1: Strategic or EGX?<\/span> It\u2019s still unclear which companies are destined for the EGX and which are being <\/span>earmarked for strategics. Madbouly said that the decisions on which way to go have been made by the<\/span> investment bank<\/span>s working on the transactions, but didn\u2019t provide any further information. <\/span><\/p>\n

Yes, but #2: Stake sizes and valuations TBA.<\/span> The PM also gave no indication of how much of the companies the government <\/span>would be willing to sell to strategics. Strategics will want to acquire at least 51% of the companies if they\u2019re going to invest. Press reports in recent weeks have suggested that the government has so far been reluctant to meet the Qatari sovereign wealth fund\u2019s demands for substantial stakes in <\/span>Vodafone Egypt<\/a><\/span> and the <\/span>Damietta and Port Said container terminal operators<\/a><\/span>. Madbouly told Bloomberg separately that the government doesn\u2019t have a target value for the sales. <\/span><\/p>\n

REMEMBER-<\/span> The privatization push is part of the country\u2019s new <\/span>state ownership policy<\/a><\/span> which <\/span>outlines how the government intends to more than double the private sector\u2019s role in the economy to 65% and attract USD 40 bn in private investment by 2026. The government says it will reduce its involvement in a number of sectors via public share offerings, stake sales to strategic investors, and expanding public-private partnerships. <\/span><\/p>\n

WHO\u2019S IN-<\/span><\/p>\n

The line-up<\/a><\/span> spans a wide variety of sectors including banking, oil and petrochemicals, real estate, ins. and ports.<\/span><\/p>\n

Banking and financial services:<\/span> <\/span>Banque du Caire<\/a><\/span> will finally go ahead with its long-awaited IPO, which has been <\/span>repeatedly delayed for years <\/span>due to poor market conditions. <\/span>Arab African International Bank (AAIB)<\/span> \u2014 whose ownership is evenly split between the Central Bank of Egypt and the Kuwaiti sovereign wealth fund \u2014 is also on the list, as is <\/span>United Bank<\/a><\/span>, which has been rumored to be subject to a takeover bid by the Saudi sovereign wealth fund. <\/span>The privatization plan includes for the first time two ins. companies: <\/span>Misr Life <\/span>Ins<\/span>. and <\/span>Misr Ins.<\/span>, which were both named by the EGX in its <\/span>2022 annual report (pdf)<\/a><\/span> as being in the IPO pipeline.<\/span><\/p>\n

Oil and chemicals dominate the list:<\/span> \u200eThe Egyptian Ethylene and Derivatives Company<\/span> (Ethydco), Egyptian Linear Alkyl Benzene<\/span> (Elab), Helwan Fertilizers Company<\/span>, the Egyptian Polypropylene and Polypropylene Company<\/span> (EPP), the Egyptian Drilling Company<\/span> (EDC), and Pachin<\/span> are among those tapped in the list. Other industrial and manufacturing firms include Misr Concrete Development Company<\/span>, Sinai Manganese Company<\/span>, El Nasr Mining<\/span>, and the Egyptian Ferrous Alloys Company<\/span>. Plastic producer Alamal Alsharif Plastics<\/span> and pharma players Chemical Industries Development Company<\/span> <\/span>(CID) and<\/span> <\/span>Misr Pharma<\/span> also made it to the list.<\/span><\/p>\n

Military firms to be sold:<\/span> As expected, two military-owned firms \u2014 bottled drinks firm <\/span>Safi<\/span> and <\/span>fuel retailer <\/span>Wataniya<\/span> \u2014 are included in the list. The two firms were recently <\/span>added to a pre-IPO fund<\/a><\/span> managed by the Sovereign Fund of Egypt (SFE), which has been restructuring the companies ahead of a share sale. Egypt has committed to reducing the military\u2019s economic footprint under its USD 3 bn loan agreement with the IMF. <\/span><\/p>\n

Four state-owned real estate players are in:<\/span> <\/span>El Nasr Housing and Development<\/span>, <\/span>Maadi for <\/span>Development and Construction<\/span>, <\/span>El Mostakbal For Urban Development<\/span> and <\/span>Salhia <\/span>Investment and Development Co<\/span>, are all included, as are <\/span>a <\/span>number of state-owned hotels<\/span> that will be merged into a single holding company ahead of a sale.<\/span><\/p>\n

Ports:<\/span> \u064fState-owned <\/span>Port Said Container & Cargo Handling Co<\/span>. (PSCCHC) and <\/span>Damietta <\/span>Container & Cargo Handling Co<\/span> (DCHC) \u2014 which the Qatari Investment Authority is in talks to acquire <\/span>\u2014 were named, as was the Suez Canal Authority\u2019s <\/span>Canal Company for Mooring and Lights<\/span>.<\/span><\/p>\n

And a lone tech firm:<\/span> Misr Technology Services (MTS) will be put up for sale to investors. <\/span><\/p>\n

That\u2019s not all, folks:<\/span> The plan will also see the state offering some of its assets, including two <\/span>of the country\u2019s largest wind farm projects: the 580-MW facility in <\/span>Gabal El Zeit<\/span> and the 545-MW facility in <\/span>Zafarana<\/span>. The Siemens-built, <\/span>4.8 GW combined-cycle power plant<\/span> in Beni Suef will also be up for grabs, with the announcement coming months after it was reported to have been <\/span>added to the SFE\u2019s pre-IPO fund<\/a><\/span>. The Saudi Public Investment Fund (PIF) is among those interested, waving a possibility to invest in all three plants as part of Riyadh\u2019s USD 10 bn investment pledge, SFE head Ayman Soliman said last year. <\/span><\/p>\n

WHO\u2019S OUT-<\/span><\/p>\n

There were a few notable absences from the list:<\/span> Alexbank, eMethanex, Enppi, Assiut Oil <\/span>Refining Company, and MIDOR weren\u2019t among the 32 names announced yesterday. All of these companies were <\/span>recently named (pdf)<\/a><\/span> by the EGX as being in the government\u2019s privatization plans.<\/span><\/p>\n

The government\u2019s announcement got ink from the foreign press:<\/span> <\/span>Bloomberg<\/a><\/span> | <\/span>Reuters<\/a><\/span> | <\/span>The National<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The ambitious program will begin during the current quarter<\/p>\n","protected":false},"author":1,"featured_media":581387,"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":[7321],"tags":[104,72,78,81],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-economy","tag-enterpriseam","tag-ipo-watch","tag-privatization-watch","wpautop","entry"],"acf":{"mongo_id":"a94808c5-7a0c-4027-a786-804f2dc35954","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581381],"teaser":"The ambitious program will begin during the current quarter","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.52a4264b-a58c-4546-97b4-289ef59ba4d8.mp3"},"yoast_head":"\nRebooted privatization program to see stakes in 32 companies sold to strategics, public investors - 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\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors\" \/>\n<meta property=\"og:description\" content=\"The ambitious program will begin during the current quarter\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors\",\"datePublished\":\"2023-02-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/\"},\"wordCount\":956,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"IPO watch\",\"privatization watch\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/\",\"name\":\"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-02-09T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors\"}]},{\"@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":"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors - 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\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/","og_locale":"en_US","og_type":"article","og_title":"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors","og_description":"The ambitious program will begin during the current quarter","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-02-09T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors","datePublished":"2023-02-09T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/"},"wordCount":956,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1","keywords":["economy","EnterpriseAM","IPO watch","privatization watch"],"articleSection":["Privatization"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/","name":"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1","datePublished":"2023-02-09T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors"}]},{"@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\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Madbouly-privatizationpresser-8Feb23-1600px.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":583704,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/two-state-owned-real-estate-players-want-to-bring-in-strategic-investors\/","url_meta":{"origin":581386,"position":0},"title":"Two state-owned real estate players want to bring in strategic investors","author":"enterpriseam admin","date":"20 March 2023","format":false,"excerpt":"Both firms are on the list of 32 companies earmarked for privatization","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/New-Cairo-Rehab-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582656,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/cbe-seeks-advisors-for-united-bank-sale\/","url_meta":{"origin":581386,"position":1},"title":"CBE seeks advisors for United Bank sale","author":"enterpriseam admin","date":"12 March 2023","format":false,"excerpt":"Talks have been stalled with the Saudis since last month.","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Central-Bank-of-Egypt-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586708,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/16\/ni-capital-is-working-on-seven-state-asset-sales\/","url_meta":{"origin":581386,"position":2},"title":"NI Capital is working on seven state asset sales","author":"enterpriseam admin","date":"16 May 2023","format":false,"excerpt":"Just 9% of Telecom Egypt shares were bought by foreign investors, says Metwally","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/852.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606242,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/13\/big-updates-on-potential-sales-of-telecom-egypt-vodafone-egypt-stakes-gabal-el-zeit-windfarms\/","url_meta":{"origin":581386,"position":3},"title":"Big updates on potential sales of Telecom Egypt, Vodafone Egypt stakes + Gabal El Zeit windfarms","author":"enterpriseam admin","date":"13 September 2023","format":false,"excerpt":"Potential sales of stakes in two telecom players and a massive wind farm are the latest signs the privatization program is picking up steam","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/886.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582724,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/16\/govt-to-start-marketing-state-companies-to-investors-in-april-says-maait\/","url_meta":{"origin":581386,"position":4},"title":"Gov\u2019t to start marketing state companies to investors in April, says Maait","author":"enterpriseam admin","date":"16 March 2023","format":false,"excerpt":"Another eight companies could be earmarked for privatization as Cabinet looks to give the asset sale program new momentum","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/Banque-du-Caire-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589637,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/06\/sidpec-approves-fair-value-studies-ahead-of-ethydco-merger\/","url_meta":{"origin":581386,"position":5},"title":"Sidpec approves fair value studies ahead of Ethydco merger","author":"enterpriseam admin","date":"6 July 2023","format":false,"excerpt":"Ethydco remains on the auction block as part of the rebooted privatization program","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/179.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581386","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=581386"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581386\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/581381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/581387"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=581386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=581386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=581386"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=581386"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=581386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}