CAIRO — In an effort to shore up its economy, Egypt plans to list shares of some government-owned banks and companies on its ailing stock exchange.
Alaa Youssef, spokesman for the Egyptian presidency, announced Jan. 19 that shares in “successful” state-owned companies and banks will be listed. The statement followed a meeting between President Abdel Fattah al-Sisi, the prime minister, the governor of the Central Bank, and the ministers of industry and finance to discuss “the decline of the Egyptian stock market indexes.”
