Privatization pipeline thaws as Safi draws bids and Elab files for EGX listing

Some of the g overnment’s longest-running privatization plays may finally be seeing daylight.

Safi has started drawing bids, with the government now reviewing “actual offers” for the asset the recent Wataneya-Taqa Arabia agreement

Keeping its options open:

AND- We now have a date for the Quick Fuel IPO.

MEANWHILE - Qalaa Holdings wants more of Taqa Arabia: bourse filing (pdf)

REMEMBER- began restructuring five NSPO companies

Elab nears the front of the IPO queue

State-owned and ADQ-backed petrochems player Egyptian Linear Alkyl Benzene Company (Elab) filed for a temporary listing on the main market EGX disclosure

ICYMI- since at least 2018 acquire 35% clearing the runway

Elab is in the middle of a USD 20 mn+ expansion Al Mal