Egypt is looking to raise E£10bn ($560mn) from privatizations, with energy firms the key focus. State oil engineering firm Enppi is first on the block to be followed by petchems firm Sidpec and base oils-focused AMOC by the end of the year.

Cairo has hired financiers NBD Capital, CI Capital and Jefferies International as lead managers for an Initial Public Offering (IPO) for the sale of around 23% of state engineering firm Enppi, through which it hopes to raise as much as $150mn. The...