Egypt contracts with an investment bank to launch 5 companies owned by the army on the stock exchange

The Egypt Sovereign Fund for Investment and Development, and the National Service Projects Authority for the Armed Forces, with the investment banks “EFG Hermes” to promote and cover the subscription, and ‘CI Capital’ to promote and cover the current and next years. A statement from the Egyptian cabinet added today, Wednesday, that the businesses offered on the stock exchange, “Wataniya”, “Shell Out”, “Silo Food”, “Safi” and “The National Roads Company”, which are companies attached to the army. Egyptian Prime Minister Mustafa Madbuly announced last December that his country intended to start at least ten companies during the year 2025, among the proposed companies owned by the army. In addition to these companies, the government intends to offer importance in the companies offered in the government’s offer, which is the wind of the wind of Jabal Al -zait, Al -Amal Al -Sharif Plastic Company, Egypt for Pharmaceutical Industries, and ‘Sayed’ pharmaceutical enterprise.