Egypt's powerful military companies to go public
President Abdel Fattah al-Sisi has called for listing companies affiliated with Egypt's armed forces on the stock exchange, allowing citizens to buy the shares in an effort to increase transparency.
President Abdel Fattah al-Sisi has called for listing some military-owned companies in the Egyptian stock market in an effort to increase transparency and enable Egyptians to buy shares in these firms.
“There must be an opportunity for the armed forces companies to be listed in the Egyptian stock market as part of the initial public offerings made for some government companies,” Sisi said in an Oct. 31 speech broadcast from the opening of a military-owned medical gas plant in Giza governorate.
