NI Capital was mandated by the Egyptian Council of Ministers to prepare an IPO program that will see multiple state-owned companies listed on stock exchanges in Egypt and potentially abroad. The program is aimed at reinvigorating capital markets in Egypt by offering stakes in promising state-owned enterprises to the public.

NI Capital is responsible for the overall strategy and mechanics of the IPO program and will award mandates to leading national, regional and global investment banks as appropriate to serve as global coordinators and book runners.