Egypt to float up to four army-owned firms

According to Prime Minister Mostafa Madbouly , Egypt plans to float up to four military-owned companies on the stock market as part of a broader privatization plan to attract investment and boost the economy.  The government has been under pressure to sell stakes in state-owned companies under a bailout package secured from the International Monetary Fund (IMF) in December 2022. "As part of this plan, there will be an announcement about the offering of three or four military-affiliated companies which will be listed on the Egyptian stock exchange," Madbouly told a news conference in Cairo.