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Egypt’s first-ever special purpose acquisition company, known as a SPAC, will merge with or acquire another company to list on the stock exchange, the head of the country's financial regulatory authority said. Mohamed Omran explained that the SPAC will be established no later than next month, February. Last November, the FRA announced the rules and regulations for listing and ....
(Bloomberg) Some military-owned companies could sell stakes on the Egyptian stock market this year, the head of the country’s market regulatory agency said Monday.
Mohamed Omran, speaking to reporters, didn’t provide additional details. ....