CI Capital targets two new Egypt IPOs at year-end

Egypt’s investment bank CI Capital is planning to make two new initial public offerings in the local stock market at the end of this year, its chief executive Mahmoud Attalla said Sunday.

CI Capital is also seeking to increase its assets under management to 10 billion Egyptian pounds ($554 million) from 8 billion pounds at the end of 2017, Attalla added in an investment conference in Cairo.