Egypt: Madbouly reviews offers submitted for acquiring Wataniya

Aly Song/Pool

During the meeting, offers submitted by Egyptian and International firms were reviewed to decide upon the best ones

Staff Writer, Arab Finance

February 28, 2024

PHOTO

Prime Minister Mostafa Madbouly has met with several officials to review the offers submitted for the acquisition of the state-run fuel retailer Wataniya, as per a cabinet statement.

During the meeting, offers submitted by Egyptian and International firms were reviewed to decide upon the best ones.

Moreover, Madbouly stated that the government is still working on the initial public offering (IPO) program, aiming at empowering the private sector.

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