Home StocksEGX Egypt’s EGX sees IPO of private company before year-end

Egypt’s EGX sees IPO of private company before year-end

by Amwal Al Ghad English
Egypt’s stock exchange (EGX)

Shares in a private company are expected to be offered on the Egyptian stock exchange (EGX) before the end of the current year, the bourse chairman said at a news conference on Monday.

Mohamed Farid did not give any additional details.

The last IPO of a private company was digital payments company Fawry, whose shares jumped more than 35 percent at their first trading session.

Source: Reuters

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