Egyptian dairy firm Domty to start IPO in 2016: bourse chief

The  Listing of Arabian Food Industries (Domty) will be the first Initial Public Offering that the Egyptian bourse will witness in 2016, said bourse chief Mohamed Omran on Monday.

The Egyptian Financial Supervisory Authority (EFSA) is currently reviewing the company’s fair value, added Omran in a statement.

Earlier, Omar El Damaty – Chairman and Managing Director of Domty – said his firm plans an IPO on the Cairo bourse in March.