Cairo – Mubasher: Prime Holding is planning to manage an initial public offering (IPO) on the Egyptian Exchange (EGX) for a company operating in the education sector with EGP 500 million in capital before the end of this year, Al-Masry Al-Youm reported, citing vice chairman Mohamed Maher.
Prime has signed the required contracts to arrange this IPO, Maher highlighted, adding that the investment bank will promote the IPO to attract local and foreign retail and institutional investors.
Maher has not revealed the transaction’s value or its schedule.
