Speaking before the House of Representatives on Tuesday, Madbouly reviewed government and economic performance during the first half of FY2025/2026, covering the period from July to December 2025, before the outbreak of the Iran war, as well as the measures taken by the state to deal with its impact.
Farid said the offering targets the sale of 20% of the company’s shares, with expected proceeds of approximately EGP 14 billion, positioning it among the largest anticipated initial public offerings on the Egyptian Exchange, during an interview in a television program El Hekaya with TV host Amr Adib.
These plants are under the management of the New and Renewable Energy Authority as part of the government’s offering program.
Negotiations reportedly stalled due to valuation differences and execution terms.
The report showed that program completion surged to 244.8 % of its original target once the deal was factored in, signaling that the initiative has surpassed its goals for attracting foreign direct investment.
