Pre-Trading Thoughts

The SFE’s pre-IPO fund is set to offer stakes in 2-3 state-owned companies to strategic investors or via public share sales in April. Stake sales in 11 of the 32 companies in the government’s privatization program will be managed through the pre-IPO fund. Strategic investors from the Gulf could spend USD4 billion to buy into local firms in a first phase of stake sales. Qatari investors are eyeing logistics, containers, fertilizers, and export sectors. The government will make an announcement ...