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Wednesday, 28 March 2018

Has the state IPO program been studied thoroughly enough? Columnists seem to think not

Has the state IPO program been studied thoroughly enough? Columnists seem to think not: The government doesn’t seem to have properly assessed the potential outcomes (both good and bad) of its IPO program, Safwat Kabel writes for Al Shorouk. The columnist sees the plan to list public companies on the EGX as a recycled version of the Mubarak-era strategy of privatization, except he believes that the current government did not learn from its predecessors’ mistakes. Being paid trolls writing for an old medium, Kabel and his peers offer no real evidence to back their Nasserist stance. Al Masry Al Youm’s Nadine Abdallah voices similar concerns over the strategy, saying it should have been discussed more thoroughly and transparently to ensure it does not hit any snags moving forward. Transparency is part and parcel of the whole process, but why bother explaining that when you have readership to rile up.

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