Many companies in the Egyptian market, especially in the industrial sector, sell a part of their companies or subsidiaries to a strategic investor. The goal is to get foreign currency liquidity to buy production inputs, ensuring the company or its subsidiaries can keep producing. This trend has risen as Egypt struggles to get foreign currency liquidity, worsened by the hot money outflow after the Russia-Ukraine war. This has caused import lists to manage documentary credits, making the central bank limit imports. As a result, many companies have sold parts of their businesses to get dollars fast. The Egyptian government does the same through its government offerings program, aiming for str
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