Ten state owned oil and gas companies are set to be listed on the Egypt Stock Exchange (EGX) as part of Cairo’s push to raise funds and reduce the government’s footprint within the economy. The temporary listing gives companies six months to get their paperwork and finances in order before trading starts on their shares, according to a statement published on Facebook by the prime minister’s office.
There was no mention of which companies would be listed. (CONTINUED - 196 WORDS)