Bidders were due to submit their offers on 26 November but they will now wait for better market conditions. According to a source close to the privatisation process, the situation will be re-assessed in January.
Meanwhile in Libya, the country’s second bank privatisation is going ahead smoothly. Prequalified banks are carrying out due diligence and bids are due in late January. The Central Bank of Libya prequalified five banks in early November. They are: Arab Bank, Arab Banking Corporation, Societe Generale, Intesa Sanpaolo and Al Tijari Wafa Bank.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.