CI Capital-led consortium awarded ENPPI IPO consulting contract

CAIRO – 5 July 2017: A consortium led by investment bank CI Capital awarded the investment consulting contract to list some of Engineering Co. for the Petroleum & Process Industries’ (ENPPI) shares in the Egyptian Exchange, the Ministry of Investment announced Thursday.

The consortium includes US-based Jefferies Group, Emirates NBD and state-owned NI Capital, Minister of Investment Sahar Nasr said in a statement.

“Choosing ENPPI to be listed is the best choice as it is a pioneer company in the petroleum sector,” Minister of Petroleum Tarek El-Molla said.

The investment bank would take over the selling and promotion for the Initial Public Offering (IPO).

The Egyptian government is planning to list shares of a number of public companies on the stock market to expand their capitals. In September, Misr Fertilizers and Production Company (MOPCO) was listed on the exchange.