Three Egyptian Companies Aiming for IPO in 2019: Bourse HeadSource: www.export-egypt.com 3/18/2019, Location: Africa |
|
|
|
|
 Three private companies are aiming to finalise initial public offerings (IPOs) by the end of the year, Egyptian stock exchange Chairman Mohamed Farid said .
Two of the three companies have a combined market value of around 14 billion Egyptian pounds ($807.78 million) and the third is yet to be valued, Farid said. He did not name the companies or give the expected value of the IPOs. A series of expected share sales by Egyptian private and public companies was delayed last year amid emerging global market turbulence. The sale of up to 4.5 percent of Egypt’s top cigarette maker Eastern Company SAE last month marked the start of a plan to partially privatise five state companies. Two private companies, Cairo for Investment and Real Estate Development (CIRA) and leasing company Sarwa Capital , listed in September and October last year. “There are three companies that are actually working on finalising their prospectuses, finalising the issue requirements, all the documentation associated with the listing,” Farid told a business forum in Cairo. One or two of the companies were looking to finalise the listing by mid-year, with all three expected to complete the process by the end of 2019, he said. “In terms of the valuation and not the IPO, we have one at 8 billion (pounds) one a bit lower than this figure, around 6 billion, and one which has not yet conducted the valuation.” ($1 = 17.3315 Egyptian pounds) |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
