CAIRO, May 8 — Egypt will delay the planned offering of shares on the stock exchange of a number of state companies until after the summer vacation, Public Enterprise Minister Hisham Tawfik told Reuters on Saturday.
It has been negotiating with the International Monetary Fund for more than a month for a financial support package. This would include listing army-owned enterprises on the exchange by year end and the sale of stakes in some state-owned companies. They included stakes in Commercial International BankCOMI.CA, electronic payments company Fawry FWRY.CA, Alexandria Container & Cargo Handling Co ALCN.CA, Misr Fertilisers Production Co and Abu Qir Fertilisers and Chemical Industries ABUK.CA.
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