Cairo – Mubasher: The Egyptian Exchange (EGX) is projected to see seven fresh initial public offerings (IPOs) this year, EGX chairperson Mohamed Farid said in an interview with Bloomberg.
The first IPO will be launched this month and the second will take place in April, Farid added.
Another four or five IPOs are scheduled to be launched on EGX prior to the end of 2018, he noted, giving no further details on the names of the firms that will make share sales or their sectors.
Last February, Farid said that the government's IPO programme is forecast to take place next April or May.
