Privatization program
To make this transition smoother, the EGX is collaborating with the Financial Regulatory Authority to amend the current listing regulations.
He expressed optimism about collaborating with the French group, noting the government’s focus on offering airport management opportunities to the private sector as part of its privatization program, implemented in cooperation with the International Finance Corporation (IFC)
Pimenta emphasized that the ongoing collaboration with the Egyptian government, particularly with the Ministries of Civil Aviation and Planning, has led to a shared understanding of the privatization process for Egypt's airports
This revised target is significantly lower when compared to the program's previous achievements, which amassed around $5.6 billion between April 2022 and the conclusion of last year
The two will allegedly sell off 20% of their stake in the AAIB to an undisclosed strategic investor, as well as a stake sale on the Egyptian Exchange
The minister spoke to media on the sidelines of yesterday’s Egypt – OECD Country Program conference, disclosing new details on the progress of the sales of Wataniya Petroleum, Jabal El-Zeit, and Safi
