No armed forces-linked companies will be listed on the Egyptian Exchange this year, according to Hashem El Sayed, who said the government's IPO program currently covers 30 registered companies.
Those 30 include 10 petroleum companies, as Cairo pushes ahead with offerings meant to raise the economic value of state assets and generate sustainable returns.
El Sayed also said the updated State Ownership Policy document will be issued before June 30 after reviews with ministries, other authorities and civil society groups.
Separately, he had previously said 40 companies would be transferred to the Sovereign Fund of Egypt, part of a broader privatization drive the IMF says is important to shrink the state's role and support private-sector growth.