Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) is currently planning to launch an initial public offering (IPO) in the emerging markets, CEO Karim Awad said in a speech during One on One conference.
The IPO is scheduled to take place this year, Awad noted, pointing out that the firm will debut a number of innovative products within the coming weeks.
He has not added any further details in regards to the IPO.
EFG Hermes’ capital amounts to EGP 3.07 billion distributed over 614.8 million shares at a par value of EGP 5 per share.
