EFG Hermes targets new IPOs for food, health sectors this year

Egypt’s EFG-Hermes, the leading investment bank in the Middle East, says Tuesday it plans to run some new initial public offerings (IPOs) in food, healthcare, education, industrial sectors.

Mostafa Gad – EFG Hermes’ investment banking director – told Amwal Al Ghad Tuesday the anticipated IPOs would be in favour of firms operating in MENA markets.

In 2015, EFG Hermes has successfully run around four IPOs for Orascom Construction, Edita Food Industries, Emaar Misr, and Integrated Diagnostics Holdings (IDH).