Cairo – Mubasher: Egyptian group for media signed an agreement with FEP Capital to advise on its forthcoming Initial Public Offering (IPO) on the Egyptian Exchange (EGX), said a press statement.
“Egyptian Media plans to float stake on EGX and FEP Capital will act as the book runner,” said High profile Egyptian businessman Ahmed Abu Hashima.
Recently, Abu Hashima CEO of Egyptian Media acquired shares of satellite TV channel ONTV from the channel’s owner and business tycoon Naguib Sawiris.
