Egypt’s New Capital Plans to Sell 10% of its Shares ...Egypt

Egyptian Streets - News

Photo via Aqarmap The Administrative Capital for Urban Development (ACUD) is listing 10 percent of its shares on the Egyptian Exchange in the first half of 2024, said ACUD chairman Khaled Abbas on Monday, 18 September. The sale of ACUD shares is in line with the Egyptian government’s plans to sell interests in 35 state-owned businesses to strategic investors until the beginning of 2024. These businesses include the water provider Safy and gas station operator Wataniya, both of which are held by the military. The United Bank, The Arab African Bank, and Banque Du Caire are three more banks on the list. The State Ownership Policy Document lays out a plan to decide how much of an economic role t

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Last updated : 19 September 2023 clock 09:28 PM

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Egypt’s New Capital Plans to Sell 10% of its Shares ...Egypt

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