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Listing Misr Life Insurance likely to be delayed

Listing Misr Life Insurance likely to be delayed

ArabFinance: Listing Misr Life Insurance Company will not be ready for listing on the Egyptian Exchange (EGX) as part of the state privatization program before the end of 2021, public business sector minister Hisham Tawfik reportedly told Al Mal on March 1st.

The ministerial committee managing the privatization program gave the initial approval for Misr Life Insurance to list 25% of its shares on the EGX, according to Tawfik.

The committee’s final approval for the listing will depend on the results of feasibility studies and other requirements that are currently being conducted by NI Capital.

The listing process was scheduled for conclusion before the end of this year.

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