Egypt’s FRA to begin state IPO training on 26 July
Egypt’s Financial Regulatory Authority (FRA) will launch a training programme next Sunday, 26 July, to help state-owned companies prepare for stock market listings under the government’s privatisation programme, the regulator said on Wednesday.
The programme, the first national initiative dedicated to supporting government share offerings through training and capacity building, will be implemented by the FRA’s training arms, Financial Services Institute (FSI) and the Egyptian Institute of Directors (EIoD).
The initiative aims to help state-owned companies meet Egyptian Exchange (EGX) listing requirements while strengthening governance, disclosure, and transparency standards ahead of public offerings.
FRA Chairman Islam Azam said the programme would strengthen the capabilities of company executives and staff to accelerate compliance with listing and offering requirements.
“The programme reflects the FRA’s regulatory and supervisory role in building a more efficient capital market, while supporting the government’s IPO programme to deepen and broaden the market,” Azam said.
Investment and Foreign Trade Minister Mohamed Farid, State Ownership Enterprises Unit Chief Executive Hashem El-Sayed, EGX Chairman Omar Redwan, and senior officials from the FRA and the exchange will attend the opening session.
Initially, the programme will target the 20 state-owned companies that have already received provisional listings on the Egyptian Exchange (EGX) before expanding to around 30 additional government-owned companies operating in sectors including petroleum, mining, pharmaceuticals, tourism, construction, education, and manufacturing, Azam said.
The FRA said the training would cover Egypt’s capital market regulatory framework, listing procedures, financial and accounting readiness, governance and sustainability requirements, disclosure obligations, public offering mechanisms, and post-listing compliance.
Experts from the FRA, the EGX, and FRA-licensed IPO advisers will deliver the sessions, the statement added.
Attribution: Amwal Al Ghad English