Egypt is studying offering incentives for large-scale initial public offerings (IPOs) to deepen its stock market and lure more investors, Finance Minister Ahmed Kouchouk said Tuesday. The proposals are part of a wider effort to accelerate state privatisations, expand the investor base and boost liquidity, Minister Kouchouk said following a meeting with Prime Minister Moustafa Madbouly, Egyptian Exchange (EGX) Chairman Islam Azzam, and Financial Regulatory Authority (FRA) Chairman Mohamed Farid. The government is also working on bringing new private and public companies to the exchange, he said. Attribution: Amwal Al Ghad English
