Cairo – September 26, 2024: Tabarak Holding is set to make its long-awaited debut on the Egyptian Exchange (EGX) in the second half of 2025, according to chairman Ali Al Shorbany, planning to list 30 percent of its shares, marking a significant milestone for the company as it seeks to raise capital for future projects.
This announcement is not the first attempt at an initial public offering (IPO) for Tabarak Holding.
The company previously aimed to debut on the EGX by the end of 2022, with Al Shorbany expressing intentions to offer 30-40 percent of its shares in order to secure up to LE 1 billion. However, the IPO was postponed as the company recalibrated its strategies.
Looking ahead, Tabarak Holding has ambitious targets, with projected sales reaching up to LE 15 billion from its current projects in Egypt over the next year.
Al Shorbany noted that approximately 30-35 percent of the company’s sales are generated from international clients, with payments made in foreign currency.
The company is preparing to finalize agreements with the New Urban Communities Authority (NUCA) for an expansive 800-acre project in New Sphinx, expected to be signed next month.
Tabarak Holding is also eyeing significant opportunities beyond Egypt, particularly in Saudi Arabia.
The company is currently exploring potential collaborations with the Saudi National Housing Company and Al Saedan Real Estate. These partnerships could lead to the development of a major commercial mall complex, covering 150,000 square meters and involving investments estimated at around SAR 100 million.
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