Pre-Trading Thoughts
The government pledged to guarantee the capital (USD800 million) recently invested by ADQ in 3 companies, in addition to an annual rate of 8% for a period of 4 years. The companies include National Drilling (25%), Elab (35%), and Ethydco (30%). Egypt’s government intends to offer stakes in 5 key companies, in addition to water desalination plants, until the end of June 2024. The program aims to collect USD 5 billion during this stage, the largest part of which is due to the offering of...
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