IPOs
EGX annual bulletin revealed that the private offerings hit LE 4.68 billion, compared to LE 3.39 billion in previous year.
“Meanwhile in Egypt, fiscal stimulus and inward investment are supporting an ongoing recovery from the turmoil of recent years,” it stated.
The EGX chairman said that these IPOs are CI Capital, B Investment Holdings, Cairo investment and Real Estate Development, and Sarwa Capital.
Numerous state-owned and private sector companies have been floating their stocks the past few months, a trend expected to continue throughout 2018.
The government targets to increase market capitalization from 20-21 percent of gross domestic product to 50-60 percent
Trading on Ibnsina shares is crucial to expand governance operations, disclosure and transparency of companies.
The first trading day of Ibn Sina shares will be December 12.
A wrap-up of the most prominent business news of the day.
The EGX's plan includes diversifying the investment options to all kind and size of investors.
Egypt’s market can offer large potential ahead as market capitalization currently stands at 17 percent of the GDP.
A number of 290 investors working in 10 industries spanning 20 countries, as well as fund managers gathered to exchange market insights.
Euromoney’s first day will feature an interview with Minister of Finance Amr el-Garhy.
The conference this year will focus on direct investment in SMEs and real estate sectors, IPOs, equity markets and debt issuance at sovereign and corporate levels.
Jefferies Group, Emirates NBD and NI Capital are members of the consortium.
American multinational private equity The Carlyle Group plans to invest $100 million in Egypt over the next few months.
