Cairo – Mubasher: Arab Contractors is planning to offer a 40% stake of its investment unit in an initial public offering (IPO) on the Egyptian Exchange (EGX) in the last quarter of 2018, chairman Mohsen Salah told Alborsa News.
The company is being prepared for almost a year through settling its positions and qualifying its budgets and financial statements for the IPO, Salah added.
This move comes as a part of the Egyptian government’s plan to offer a number of its firms on the EGX, he continued.
