Egypt may sell stake in stock exchange

CAIRO - Egypt is considering selling a stake in the country’s stock market, state-run Middle East News Agency, or Mena, reported on Tuesday.

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Published: Wed 15 Aug 2012, 11:11 PM

Last updated: Tue 7 Apr 2015, 12:16 PM

Shareholders might include banks, financial institutions, brokerage firms and investors, Cairo-based Mena said, citing Ashraf El-Sharkawy, chairman of the Egyptian Financial Supervisory Authority. The government would retain a majority stake. The move requires parliamentary approval, El Sharkawy said.

Published: Wed 15 Aug 2012, 11:11 PM

Last updated: Tue 7 Apr 2015, 12:16 PM

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