CAIRO (Reuters) – Egypt has approved pre-listing procedures for petrol stations operator Wataniya and water company Safi, which are both currently owned by the Egyptian army, as a first step towards stock market listings, a cabinet statement said on Wednesday.
Egypt is seeking wider private sector participation in state-owned assets.
(Reporting by Moamen Said Attalah; Writing by Lilian Wagdy; Editing by David Goodman)
