Egypt likely to see wrap-up of $1.5bln acquisition deals this week

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Mohamed Maher, Head of the Egyptian Capital Market Association (ECMA), told Asharq Business on July 16th

Staff Writer, Arab Finance

July 17, 2023

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A number of Egyptian institutions are expected to finalize acquisition deals worth a total of $1.5 billion this week, Mohamed Maher, Head of the Egyptian Capital Market Association (ECMA), told Asharq Business on July 16th.

In a press conference on July 11th, Prime Minister Mostafa Madbouly announced that Egypt signed contracts worth a total of $1.9 billion with the private sector to sell state-owned assets under its initial public offering (IPO) program.

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