Home StocksEGX Egypt’s clearing house MCDR to launch IPO for sports arm in November

Egypt’s clearing house MCDR to launch IPO for sports arm in November

by Islam salah

Egypt’s Central Clearing, Depository, and Registry House MCDR is planning a stock market listing for its sports arm El-Makasa Sport by next November, its chairman said on Wednesday.

“We’re working on the listing measures, including increasing the company’s (El-Makasa Sport) capital from 42 million Egyptian pounds to 100 million pounds,” Mohamed Abdel-Salam told Amwal Al Ghad.

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