Egypt expects four bourse listing before year-end: official

Egypt expects four companies to list on the local stock exchange before the end of the year, an official at the Financial Regulatory Authority said on Sunday.

Two state companies and one private pharmaceuticals firm worth more than one billion Egyptian pounds ($61.3 million) will make share offering on the main market, said Sayed Abdel Fadeel, head of the authority’s corporate finance department.

One small company worth about 50 million pounds is also expected to offer shares on the Nilex, which specialises in small and medium-sized enterprises, Abdel Fadeel added.

He did not name the companies.