Middle East Economic Survey
VOL. XLVIII
No 24
13-June-2005
egypt
Government Launches Sidpec Privatization
The Egyptian government launched its first-ever oil industry privatization scheme on 8 June with an IPO for 20% of the Sidi Kerir Petrochemicals Company (Sidpec). The IPO is for 21mn shares that will be offered in two tranches. The first tranche is a public offering of 12.6mn shares that will be available to retail investors in allotments of up to 1,000 shares per subscriber. The second...
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