Egyptian finance minister: 5 government companies will be listed in stock exchange before mid-2022

Egyptian Finance Minister Mohamed Maait said the government is determined to proceed with the offer of about 5 or 6 government companies in scholarship during the fiscal year in course.

He added that the turnout of the public offering of “E. Finance” for financial and digital investments, with the participation of international investment funds from the United Kingdom, the United States and some other European countries, in some way that strengthens the state’s plans to increase the private sector’s contribution to the Egyptian economy; As a genuine partner in achieving inclusive and sustainable growth.

The minister said that Egypt is leading the Middle East and North Africa region towards green investment, providing sustainable financing for environmentally friendly projects, in the sectors of housing, clean transport, renewable energy, reduction pollution, adaptation to climate change, increased energy efficiency and sustainable management of water and sanitation; This helps to lay the foundations for global development, taking into account the environmental dimension, in the light of Egypt’s Vision 2030, in how much “we managed to issue the first offer of green sovereign bonds in Middle East and North Africa during the last fiscal year, at a value of $ 750 million for five years, with a yield of 5.25%.

This happened during a meeting with Murray Ross, chief executive of capital markets at the London Stock Exchange, and Charlie Walker, chief of primary markets at the exchange, today, Wednesday.

A statement from the Ministry of Finance said that this meeting saw discussions on mechanisms to improve cooperation between the Egyptian government and the London Stock Exchange. in a way that serves the priorities of both sides in the coming period.

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