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English news

27-Feb-2018

IPO programme to get timeline next week

Finance Minister is expected to announce the timeline for the country’s IPO programme next week, according to his deputy, Ahmed Kouchouk. He revealed, during a gathering at the American Chamber of Commerce (AmCham), that the Ministry eyes a market capitalisation to GDP ratio of 50-60% from the current 20-21%. In addition, National Investment Bank (NIB) is set to list 13 of its subsidiaries, according to Minister of Planning. 

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