Cairo – Mubasher: At least 30 public sector firms are expected to launch initial public offerings (IPOs) on the Egyptian Exchange (EGX) over the coming two years.
This will include about 10 to 12 major companies, which will affect the market, CEO and managing director of NI Capital, the bookrunner of the Egyptian government’s IPO programme, Ashraf El-Ghazali told Alborsa News.
“Offering Engineering Company for the Petroleum and Process Industries (Enppi) on the EGX is the main target among the anticipated IPOs in 2018,” El-Ghazali continued.
The scheme covers launching Banque du Caire’s IPO in the first quarter of 2018, he added.
On Sunday, El-Ghazali said that Enppi’s IPO is unlikely to take place in Q1-18.
In August, Egypt’s investment minister Sahar Nasr had said that Enppi’s IPO would be launched on the EGX in Q1-18.
