{"id":634699,"date":"2018-01-22T04:10:03","date_gmt":"2018-01-22T04:10:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/egypt-pays-iocs-usd-200-mn-in-january-to-ipo-up-to-10-companies-in-18-months\/"},"modified":"2018-01-22T04:10:03","modified_gmt":"2018-01-22T04:10:03","slug":"egypt-pays-iocs-usd-200-mn-in-january-to-ipo-up-to-10-companies-in-18-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/egypt-pays-iocs-usd-200-mn-in-january-to-ipo-up-to-10-companies-in-18-months\/","title":{"rendered":"Egypt pays IOCs USD 200 mn in January, to IPO up to 10 companies in 18 months"},"content":{"rendered":"<p><strong>Egypt paid USD 200 mn in arrears owed to international oil companies this month, Finance Minister Amr El Garhy said<\/strong>, <a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL4N1PG06H\">according to Reuters<\/a>. El Garhy said the government would be paying another USD 550 mn in February and March as well. The government has pledged to pay off all arrears by the end of June 2019 and not to accumulate more, Reuters says.<\/p>\n<p><strong>\u2026 El Garhy <\/strong><a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1FA05W\"><strong>also said<\/strong><\/a><strong> the government has plans to sell shares in eight to 10 companies on the EGX within 18 months<\/strong>. He says the companies that will be part of the planned sale include some that are already listed in addition to fresh offerings. El Garhy did not specify the companies or the stakes intended for sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt paid USD 200 mn in arrears owed to international oil companies this month, Finance Minister Amr El Garhy said, according to Reuters. El Garhy said the government would be paying another USD 550 mn in February and March as well. The government has pledged to pay off all arrears by the end of June [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634699","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"26e969b9-7968-46aa-9e6c-f2a96d6c0213","order":"0","is_powered_by":true,"section_story_id":"ae84b239-d486-4342-83dc-6e00a7f70e0f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634686],"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 pays IOCs USD 200 mn in January, to IPO up to 10 companies in 18 months - 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\/2018\/01\/22\/egypt-pays-iocs-usd-200-mn-in-january-to-ipo-up-to-10-companies-in-18-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt pays IOCs USD 200 mn in January, to IPO up to 10 companies in 18 months\" \/>\n<meta property=\"og:description\" content=\"Egypt paid USD 200 mn in arrears owed to international oil companies this month, Finance Minister Amr El Garhy said, according to Reuters. El Garhy said the government would be paying another USD 550 mn in February and March as well. 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SSIC, a subsidiary of the Public Investment Fund (PIF, KSA\u2019s sovereign wealth fund), purchased 65 mn shares for EGP\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632172,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/eurobond-issuance-coming-any-day-now-el-garhy\/","url_meta":{"origin":634699,"position":1},"title":"Eurobond issuance coming any day now - El Garhy","author":"enterpriseam admin","date":"5 February 2018","format":false,"excerpt":"Eurobond issuance coming any day now: Egypt will be issuing USD 4-5 bn in eurobonds \u201cwithin days,\u201d said Finance Minister Amr El Garhy on Sunday, according to Reuters. The timing was chosen to coincide with climbing yields in the international bond market, El Garhy said at a presser yesterday following\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":641551,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/26\/enppi-expected-to-list-by-1q2018-first-phase-of-ipo-to-take-18-24-months\/","url_meta":{"origin":634699,"position":2},"title":"Enppi expected to list by 1Q2018, first phase of IPO to take 18-24 months","author":"enterpriseam admin","date":"26 September 2017","format":false,"excerpt":"IPO WATCH- Enppi expected to list by 1Q2018: The IPO of petroleum services outfit Enppi is expected to take place during 1Q2018, Investment Minister Sahar Nasr said yesterday, according to Reuters. 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