{"id":23464250,"date":"2026-06-18T08:53:20","date_gmt":"2026-06-18T05:53:20","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d8%a9-%d9%84%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%86%d8%b8%d9%85-%d8%a7%d8%ac\/"},"modified":"2026-06-21T12:44:31","modified_gmt":"2026-06-21T09:44:31","slug":"%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d8%a9-%d9%84%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%86%d8%b8%d9%85-%d8%a7%d8%ac","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d8%a9-%d9%84%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%86%d8%b8%d9%85-%d8%a7%d8%ac\/","title":{"rendered":"FRA Organizes Extended Meeting to Streamline Government IPOs \u2013 Thursday 18 June 2026"},"content":{"rendered":"

Dr. Islam Azzam – FRA Chairman:<\/strong> <\/span><\/p>\n

\u201cFRA remains fully committed to facilitate and secure the success of the government\u2019s listing and IPO program.\u201d<\/span><\/p>\n

\u201cBuilding professional expertise and fostering financial literacy are fundamental to drive the program\u2019s success.”<\/span><\/p>\n

Dr. Hashem El-Sayed Assistant Prime Minister:<\/strong> <\/span><\/p>\n

“The program\u2019s success requires collective effort… and we are moving forward with the temporary listing of new companies.\u201d<\/span><\/p>\n

Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, hosted a comprehensive meeting to explore mechanisms for streamlining the listing and public offering procedures of State-Owned Enterprises (SOEs) on the Egyptian Exchange (EGX). Dr. Hashem El-Sayed, Assistant Prime Minister and CEO of the State-Owned Enterprises Unit; Mr. Mohamed Al-Sayyad, \u00a0FRA Vice Chairman; Mr. Omar Radwan, EGX Chairman; and Mr. Mohamed Sabry, EGX Vice Chairman attended the meeting. It also brought together a large number of investment bankers, financial and legal advisors, auditors, and executive leaders from both FRA and EGX.<\/p>\n

Dr. Islam Azzam emphasized FRA\u2019s commitment to maintain continuous communication with all stakeholders involved in the IPO process. He stated that the Authority is keen to provide all possible technical and legal support to guarantee the success of government offerings. Dr. Azzam noted that the meeting builds on FRA’s strategy of deepening institutional dialogue with market participants to identify practical challenges and develop effective solutions.<\/p>\n

FRA Chairman emphasized that fostering financial literacy and building professional capacity within IPO-bound companies are critical to achieve the program\u2019s goals. These efforts ensure companies can seamlessly meet the legal and technical requirements for listing on the EGX. Consequently, he instructed the Financial Services Institute (FSI), FRA’s training arm, to launch specialized workshops and training programs on listing rules and procedures for SOE representatives.<\/p>\n

Dr. Islam Azzam further expressed FRA’s readiness to provide full support to the target companies and all participating entities by streamlining and expediting procedures under the governing laws. This approach aims to strike a balance between developing company structures, ensuring the success of the IPO program, and fully protecting the interests of investors on the EGX.<\/p>\n

On the other hand, Dr. Hashem El-Sayed reviewed the Unit’s work plan, noting that it has already finalized temporary listing procedures for 16 companies. The Unit is currently finalizing listings for additional enterprises ahead of scheduled offerings this year. This progress aligns with the strategic work plan approved by the Prime Minister last December, pursuant to Law No. 170 of 2025 which defined the Unit’s mandate to implement the second edition of the State Ownership Policy Document.<\/p>\n

He pointed out that the Unit is currently mapping and classifying SOEs by their operational nature and readiness for IPOs, strategic partnerships, or restructuring. The core mission is to optimize SOE efficiency and maximize public asset returns through a framework built on transparency, strict governance and fiscal responsibility.<\/p>\n

The success of this rollout hinges on ecosystem-wide collaboration. FRA and EGX were highly commended for their roles in safeguarding investor interests and ensuring market stability.<\/p>\n

Furthermore, EGX Chairman Mr. Omar Radwan stated that the IPO program will deepen the market and diversify sector listings. Achieving this requires synchronized efforts across regulatory and government bodies to lift transparency standards, expand the investor base and enhance market appeal.<\/p>\n

FRA Vice Chairman Mr. Mohamed Al-Sayyad emphasized that transparency is non-negotiable. Target companies must disclose historical audited financial statements and accounting methodologies to complete the review process, followed by clear disclosures regarding future business plans and asset utilization.<\/p>\n

Attendees emphasized the need for a two-tier classification of government companies: those immediately ready for public offerings, and those requiring targeted development to refine their governance, financial, and technical structures. This approach enables financial advisors to accurately forecast performance and establish fair valuations, while ensuring complete alignment with corporate governance standards and regulatory mandates.<\/p>\n","protected":false},"author":124,"featured_media":23464223,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[3707,3791,3910,4571,4690,4833,4834,5155,5156,5157,5158],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/23464250"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/23464223"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=23464250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=23464250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=23464250"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=23464250"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=23464250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}