{"id":595077,"date":"2019-09-16T03:40:38","date_gmt":"2019-09-16T03:40:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/"},"modified":"2019-09-16T03:40:38","modified_gmt":"2019-09-16T03:40:38","slug":"egypt-expects-several-ipos-by-year-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/","title":{"rendered":"Egypt expects several IPOs by year-end"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>IPO WATCH - Pharma company looking to make EGX debut this year:<\/b> 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, <a href=\"https:\/\/www.reuters.com\/article\/egypt-economy\/egypt-expects-several-share-offerings-by-end-of-year-official-idUSL5N2660A9\">told Reuters<\/a> without naming the company. EGX Chairman Mohamed Farid <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/05\/short-selling-coming-to-the-market-before-year-end\/\">said that the stock exchange is working with two companies<\/a> on the procedures of listing and selling shares on the EGX, but that the timing of the transactions is contingent on market conditions and how fast the companies finish preparations.<\/p>\n<p><b>FRA is reassuring everyone that the state will sell shares under the privatization program this year: <\/b>The government expects to sell shares in two state companies on the EGX by year\u2019s end, Abdel Fadeel said. What Abdel Fadeel didn\u2019t do was specify whether these were share sales or IPOs, and so we are no closer to discerning the timeline for the state privatization program.<\/p>\n<p><b>What we know of the program: <\/b>What we know of the state privatization program is that Alexandria Containers and Cargo Handling Company (ACCH), Abu Qir Fertilizers, and Sidi Kerir Petrochemicals (Sidpec) are looking for stake sales in the vein of Eastern Tobacco\u2019s 4.5% <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/03\/in-surprise-move-govt-kickstarts-ipo-program-with-a-successful-eastern-tobacco-secondary-offering\/\">stake sale in March<\/a>. State e-payments platform e-Finance and Banque du Caire are looking for initial public offerings.<\/p>\n<p><b>What we don\u2019t know: The timing of how all this will play out.<\/b> Public Enterprises Minister Hisham Tawfik had <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/01\/wave-two-of-egypts-state-privatization-program-kicked-to-early-2020\/\">told us<\/a> that IPOs have been postponed to early 2020. <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/10\/egypts-state-owned-e-finance-to-go-public-by-the-end-of-the-year-says-chairman\/\">Earlier this month<\/a>, however, e-Finance Chairman and Managing Director Ibrahim Sarhan said that the IPO would take place this year, contradicting statements he made weeks prior that the IPO was not a certainty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 the company. EGX Chairman Mohamed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":595078,"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":[8572],"tags":[102,72,78,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-capital-markets","tag-enterpriseam","tag-ipo-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"df08d4e3-8828-42fc-89a8-5ec8e8ab70e1","is_powered_by":true,"section_story_id":"c6dde0e7-0197-4583-8f32-b6eb7e70962e","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/9\/247.jpg","photo_position":"above","related_issue":[595070],"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>Egypt expects several IPOs by year-end - 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\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt expects several IPOs by year-end\" \/>\n<meta property=\"og:description\" content=\"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 the company. EGX Chairman Mohamed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-16T03:40:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/247.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\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt expects several IPOs by year-end\",\"datePublished\":\"2019-09-16T03:40:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/\"},\"wordCount\":292,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/247.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"EnterpriseAM\",\"IPO watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/egypt-expects-several-ipos-by-year-end\/\",\"name\":\"Egypt expects several IPOs by year-end - 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EGX boss Mohamed Farid\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":[]},{"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":595077,"position":4},"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. This trend isn\u2019t exclusive to Egypt Farid says. Foreign investors\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\/2020\/1\/717.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591230,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/01\/rameda-pharma-retail-offering-oversubscribed-on-first-day\/","url_meta":{"origin":595077,"position":5},"title":"Rameda Pharma retail offering oversubscribed on first day","author":"enterpriseam admin","date":"1 December 2019","format":false,"excerpt":"IPO WATCH- Rameda Pharma retail offering oversubscribed on first day: The retail component of Rameda\u2019s IPO was oversubscribed at the close of play on Thursday, market sources told the local press. Retail investors put in orders for 19.65 mn shares, handily covering the 18.83 mn shares offered by the pharma\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\/595077","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=595077"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595077\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/595070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/595078"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=595077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=595077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=595077"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=595077"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=595077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}