Egypt to relaunch government IPOs program on the stock exchange

The Egyptian government intended to issue shares of 10 government companies on the stock exchange. (AFP)
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Updated 01 September 2022
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Egypt to relaunch government IPOs program on the stock exchange

RIYADH: The Egyptian government is preparing to relaunch its initial public offering program, coinciding with the call for the meeting of the Governmental IPOs Committee to convene next week, Egyptian Finance Minister Mohamed Maait told Asharq.

The Egyptian government intended to issue shares of 10 government companies on the stock exchange during the year, a plan that was put on hold following the Russian-Ukrainian crisis.

In March 2018, the Egyptian government announced plans to offer minority stakes in 23 companies on the stock exchange as part of an 80 billion Egyptian pound fund-raising program.

After 21 months, the Egyptian government offered only 4.5 percent of Eastern Tobacco Co. shares in 2019, along with a portion of the Egyptian Co. “e-finance” for Financial and digital investments.


DP World announces new leadership appointments

Updated 13 February 2026
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.