The Egyptian government has announced its intention to list a number of state-owned companies, including five petrochemical and petroleum companies  and four energy production companies, which is part of the programme led by the Ministry Of Investment to raise capital for state-owned companies through floating shares on the EGX. For the energy production companies, the Ministry of Electricity and Renewable Energy is planning to list  four companies that are yet to be established: including three companies for the energy projects conducted by Siemens and a single company for  the government’s fast-track programme, according to a Ministry source speaking to Al Borsa. The plan for petrochemical and petroleum companies includes the possible Initial Public Offering for two companies: Egyptian Ethylene and Derivatives Company (Ethydco), which is a subsidiary of the Sidi Kerir Petrochemicals Company (Sidpec) [SKPC.CA] and Middle East Oil Refinery (Midor), along with plans for a secondary offering for: Sidpec; ii) Amoc; and iii) Mopco by 20%. (Al Borsa) Sidi Kerir: EGP13.17 as of 01 August 2016, Rating: Buy, FV: EGP13.54 per share, MCap: USD779mn, SKPC EY / SKPC.CA