Prime Minister Mostafa Madbouly followed up on the procedures for the offerings of the National Co for Producing and Bottling Natural Water (Safi) and Wataniya.

The Egyptian government is planning to offer stakes in 10 companies in 2025, including banks, state-owned enterprises, and Armed Forces-affiliated firms, Prime Minister Mostafa Madbouly revealed.

Some investment banks are conducting fresh evaluations of the state-run fuel retailer Wataniya and the military-owned National Company for Producing and Bottling Water (Safi) in preparation for initial public offerings (IPOs) on the Egyptian Exchange (EGX) in the first quarter (Q1) of 2025.

Some Emirati companies are close to acquiring stakes of not less than 20% to 25% in the military-owned National Company for Producing and Bottling Water (Safi) and the fuel retailer Wataniya.

Egypt is receiving offers from investors seeking to buy shares in the military-owned National Company for Producing and Bottling Water (Safi) and the fuel retailer Wataniya during May

Safi was established in 1996 in Siwa Oasis, and it owns four factories, one of which is for water industry, another for olive oil production, the third for pickled olives production, and the fourth is a salt production complex.

Egypt is set to offer at least a 10% stake in two military-owned companies, namely National Company for Producing and Bottling Natural Water (Safi) and the National Petroleum Company (NPC), also known as Wataniya Petroleum Company, to a strategic investor within a month

On February 9th, the Egyptian Cabinet announced that it is looking forward to offering shares in up to 32 state-run firms for sale on the Egyptian Exchange (EGX), to strategic investors, or a mix of both.