Pre-Trading Thoughts

Madbouly is expected to hold a press conference today to announce the completion of a number of asset sales as part of the state privatization program. Actis reached a preliminary agreement with the Sovereign Fund of Egypt to acquire the wind power plant in Jabal El-Zeit, which is included in the government’s public offering program, as per local media. A Gulf institution is considering pumping investments of up to USD 1 billion into the pre-IPO sub-fund of the Sovereign Fund of Egypt. Qatar ...