Cairo – Mubasher: The Egyptian Exchange may see nearly four new Initial Public Offerings (IPOs) by the first quarter of 2017, said Mohamed Omran, Chairman of the Egyptian Exchange (EGX).
“The new IPOs will include each of M.M Group, ELSalam Holding and DBK Pharmaceutical,” added Chairman on the sideline of an economic conference.
None of the Public state companies addressed the bourse officially so far in respect to any forthcoming IPOs, but they are running talks with the government regarding the measures of the new IPOs, noted Omran.
“The government is taking serious steps in respect to floating stakes in public companies on EGX, which is expected to start by the first quarter of 2017,” said Omran .
