Initial Public Offering

PM Madbouli says govt keeps on implementing IPO program

Tue, 27 Feb 2024 - 09:10 GMT

Egypt’s Prime Minister Mostafa Madbouli said the government keeps on implementing the Initial Public Offering (IPO) program, which aims to empower the private sector and increase its contribution to different economic activities.

Fawry’s IPO on EGX oversubscribed 30.3 times

Tue, 06 Aug 2019 - 10:45 GMT

Fawry expects to start trading on its shares on EGX on August 8, after receiving the approval of the stock exchange.

Egypt's Fawry IPO 15.9 times oversubscribed on stock exchange

Thu, 01 Aug 2019 - 03:58 GMT

Investment bank EFG Hermes said the share price was 6.4 Egyptian pounds ($0.3874) per share.

Egypt to collect proceeds of LE 100B from state’s IPO program

Wed, 24 Apr 2019 - 02:00 GMT

IPO program is expected to raise the market capitalization by LE 450 billion and to be implemented within 23 months from January 2019.

Al Tawfeek’s IPO 28x oversubscribed

Sun, 24 Dec 2017 - 03:14 GMT

The final price set for the 4.8 million shares’ public offering is LE 6.6 per share.

EFG Hermes to manage Banque du Caire IPO in 2018

Sun, 24 Dec 2017 - 12:12 GMT

EFG Hermes is also planning to launch IPOs of two other companies working in the industrial sector.

Egypt expects 3-5 IPOs before year-end -stock exchange vice chair

Mon, 07 Aug 2017 - 08:55 GMT

Egypt expects to see three to five initial public offerings before the end of this year.

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