{"id":600796,"date":"2019-02-11T04:46:23","date_gmt":"2019-02-11T04:46:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/"},"modified":"2019-02-11T04:46:23","modified_gmt":"2019-02-11T04:46:23","slug":"government-expects-to-announce-list-of-ipo-companies-within-two-weeks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/","title":{"rendered":"Government expects to announce list of IPO companies within two weeks"},"content":{"rendered":"

<\/a> Government expects to announce list of companies for privatization program within two weeks: <\/b>The government is preparing a list of four companies that will sell shares via IPO in phase two of the state\u2019s privatization program, Public Enterprises Minister Hisham Tawfik told Hapi<\/a>. Tawfik said the first phase of the program, which focuses on stake sales by already-listed companies, will start soon. Eastern Tobacco will pilot the program with the sale of a 4.5% stake, while AMOC is off the sale list after its profitability deteriorated. Sources had earlier told us<\/a>that the program might kick start as early as March.<\/p>\n

Background: <\/b>Phase one of the program was delayed last year as the Emerging Markets Zombie Apocalypse bit the EGX. A number of companies in the program announced conditions before proceeding, including Eastern Tobacco, whose stake sale hinges on the share price rising<\/a> to EGP 18.70, and AMOC, which is looking to return to profitability<\/a> before selling shares.<\/p>\n","protected":false},"excerpt":{"rendered":"

Government expects to announce list of companies for privatization program within two weeks: The government is preparing a list of four companies that will sell shares via IPO in phase two of the state\u2019s privatization program, Public Enterprises Minister Hisham Tawfik told Hapi. Tawfik said the first phase of the program, which focuses on stake […]<\/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":[8572],"tags":[1133,728,72,78,2380,9335,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600796","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-amoc","tag-eastern-tobacco","tag-enterpriseam","tag-ipo-watch","tag-speed-round","tag-stake-sale","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"78f7b788-e137-4166-9f98-76d5323f491b","is_powered_by":true,"section_story_id":"d3821db8-ca36-4f15-a166-1adfe3dd0d78","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600788],"teaser":"","voice_url":""},"yoast_head":"\nGovernment expects to announce list of IPO companies within two weeks - 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\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government expects to announce list of IPO companies within two weeks\" \/>\n<meta property=\"og:description\" content=\"Government expects to announce list of companies for privatization program within two weeks: The government is preparing a list of four companies that will sell shares via IPO in phase two of the state\u2019s privatization program, Public Enterprises Minister Hisham Tawfik told Hapi. Tawfik said the first phase of the program, which focuses on stake […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-11T04:46:23+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\/2019\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Government expects to announce list of IPO companies within two weeks\",\"datePublished\":\"2019-02-11T04:46:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/\"},\"wordCount\":167,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"AMOC\",\"Eastern Tobacco\",\"EnterpriseAM\",\"IPO watch\",\"SPEED ROUND\",\"stake sale\",\"state privatization program\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-expects-to-announce-list-of-ipo-companies-within-two-weeks\/\",\"name\":\"Government expects to announce list of IPO companies within two weeks - 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Sinai Manganese Company might be: Alexandria Mineral Oils Company (AMOC), which had earlier been dropped from the first wave of the state privatization program after posting an unexpected dip in profits, will not take part in the second\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599693,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/amoc-shareholders-decide-to-postpone-stake-sale-until-profitability-rebounds\/","url_meta":{"origin":600796,"position":1},"title":"AMOC shareholders decide to postpone stake sale until profitability rebounds","author":"enterpriseam admin","date":"8 January 2019","format":false,"excerpt":"AMOC shareholders decide to postpone stake sale until profitability restored: Shareholders in the Alexandria Mineral Oils Company (AMOC) have decided to hold off on the sale of a 20% stake on the EGX as part of the state privatization program until the company\u2019s profitability rebounds, an unnamed government source tells\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572573,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/egypt-suspends-privatization-program-again-due-to-unfavorable-conditions\/","url_meta":{"origin":600796,"position":2},"title":"Egypt suspends privatization program again due to \u201cunfavorable\u201d conditions","author":"enterpriseam admin","date":"30 June 2020","format":false,"excerpt":"PRIVATIZATION WATCH- The state privatization program is still on ice due to the \u201cunfavorable\u201d market conditions caused by the covid-19 pandemic, Public Enterprises Minister Hisham Tawfik told Bloomberg. 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The program, which has only seen a single offering when Eastern Tobacco sold a 4.5% stake in a secondary offering back in March last year,\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\/2\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570171,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egypt-postpones-state-privatization-program-new-program-to-be-announced-in-two-months\/","url_meta":{"origin":600796,"position":4},"title":"Egypt postpones state privatization program, new program to be announced in two months","author":"enterpriseam admin","date":"22 March 2020","format":false,"excerpt":"PRIVATIZATION WATCH- The state privatization program is officially being put on ice as the covid-19 outbreak wreaks havoc on global equity markets, Public Enterprises Minister Hisham Tawfik told Ahram Online. 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