{"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":624540,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/five-state-companies-to-list-sell-shares-in-the-egx-in-1q2019\/","url_meta":{"origin":600796,"position":2},"title":"Five state companies to list, sell shares in the EGX in 1Q2019","author":"enterpriseam admin","date":"12 September 2018","format":false,"excerpt":"IPO WATCH- Five state companies to list, sell shares in the EGX in 1Q2019: It appears that the Madbouly Cabinet has settled on five companies to kick-off the second phase of the state privatization program in 1Q2019, Finance Minister Mohamed Maait told Al Mal on Tuesday. 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He made sure to note that at this\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\/1\/551.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601480,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/in-surprise-move-govt-kickstarts-ipo-program-with-a-successful-eastern-tobacco-secondary-offering\/","url_meta":{"origin":600796,"position":4},"title":"In surprise move, gov\u2019t kickstarts IPO program with a successful Eastern Tobacco secondary offering","author":"enterpriseam admin","date":"3 March 2019","format":false,"excerpt":"State privatization program finally underway with an oversubscribed Eastern Tobacco offering: The private placement portion of Eastern Tobacco\u2019s secondary offering of a 4.5% stake (equivalent to 101,250,000 shares) was 1.8x oversubscribed, with shares offered at EGP 17 apiece, the Public Enterprises Ministry said in a statement (pdf). The share price\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\/2021\/3\/263.jpg?fit=%2C&ssl=1&resize=350%2C200","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":5},"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. The suspension will remain in place until further notice, Tawfik told the business information service. 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