Bloomberg/Shawn Baldwin


Three Egyptian companies plan to list in 2019, EGX Chairman

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Two private companies, Cairo for Investment and Real Estate Development (CIRA) and leasing company Sarwa Capital, listed in September and October last year.

Tuesday 19, March 2019 BY KUDAKWASHE MUZORIWA

The Chairman of Egyptian Stock Exchange (EGX) said that three private companies are aiming to finalise initial public offerings (IPOs) by the end of the year, reported Reuters.

Mohamed Farid, the Chairman EGX, said that two of the three companies have a combined market value of around EGP 14 billion ($807.8 million) and the third is yet to be valued, without naming the companies or giving the expected value of the IPOs.

Egypt delayed a series of expected share sales of private and public companies last year amid emerging global market turbulence.

All the three expected to complete the listing process by the end of 2019.

TAGS : EGX, Mohamed Farid, CIRA, Sarwa Capital

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