undervalued stakes

Qatar joins UAE, Saudi Arabia in race for Egypt’s assets as EGP declines

By Sherif Tarek

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Posted on September 29, 2022 12:51

© Egyptian President Abdel Fattah al-Sisi, with Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani in Sharm el-Sheikh, South Sinai, Egypt, Saturday, March 28, 2015. (AP Photo/MENA) — Egyptian President Abdel Fattah al-Sisi, with Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani in Sharm el-Sheikh, South Sinai, Egypt, Saturday, March 28, 2015. (AP Photo/MENA)

Egypt’s weakening currency, new IMF agreement, increasing Qatari interest, and appealing IPOs might lead to higher bids for government-owned stakes compared to previous transactions. Conversely, taxes and authorities’ indecisiveness could still turn off investors.

Interest in Egypt’s assets from the wealthy Gulf has been building up over the past months, coinciding with increasing incentives that may cause stakes in the North African nation to be less undervalued in future acquisitions.

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