Egypt mulls oil IPOs
Egypt Egyptian Ethylene and Derivatives Company
Speaking to Reuters, El Molla said that the assessment will be carried out by the Ministry of Investment. “We sent the names of eight petroleum companies to the Ministry of Investment last week to be studied, paving the way to issuing some of their shares on the bourse or increasing their capital,” he said.
According to El Molla, the names include Middle East Oil Refinery, Egyptian Ethylene and Derivatives Company, Alexandria Mineral Oils and Misr Fertilizers Production Company. The minister declined to comment on a timeline for the possible IPOs.
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