Egyptian dairy maker Domty to IPO 40% of shares in Q1

One of Egypt’s top dairy makers, Arabian Food Industries Co (Domty), is planning to float 40 percent of its shares on Cairo bourse in the first quarter of 2016, its CEO said Sunday.

Omar El Damaty said in a press conference Sunday to announce Domty’s expansion schemes and new investments in the local market that the company seizes around 40 percent share of the cheese products and 7 percent of juice products in Egypt.