Israel talks Iran with envoys from Security Council states    Second child with SMA receives gene therapy injection: Health minister    Weightlifting: Talakhadze breaks super heavyweight records, Syria wins medal    5 simple tips for parents who will still be co-teachers when kids go back to school    Roberto Calasso, Italian publisher and literary figure, dies    Library book returned after 50 years with $20 bill    Egypt's stocks end mixed on Wednesday as benchmark EGX 30 dips 0.07%    Egypt's Suez Canal revenues surge 20.6% y-o-y in July – official    Egypt issues commemorative coin to mark Pharaohs' Golden Parade    Italy presses EU nations to open ports to rescued migrants    Fitch: Egyptian banks' credit risks ease on improving economy, better operating environment    Wildfires burn for 8th day in coastal areas of Turkey    Breaking: Egypt's Wrestler Kesho wins bronze medal in the 67 kg at Tokyo Olympics, Metwally loses    Egyptian actress Fathiya Tantawi dies in Cairo at 78    Yosozumi wins another skateboarding gold for Japan    'Satisfactory solutions' on the GERD?    Talks on Egypt's nuclear dreams    Egypt's Supply ministry says studying increasing subsidized bread price after Sisi's remarks    Realme launches realme 8 5G – its first 5G smartphone in Egypt    Sisi affirms Egypt's determination to complete construction of Tanzania's Julius Nyerere hydropower dam    Sisi inaugurates major food industrial complex in Sadat City    Rafah crossing remains open to let in aid, wounded Palestinians    Czech Export Bank earmarks $300 million for new investments in Egyptian market    Egypt seeks to host 2022 UN Climate Change Conference – minister    Qatar appoints ambassadors to Egypt and Libya    Egypt's transport start-up SWVL preps for Nasdaq listing after merger with Queen's Gambit    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Thanaweyya Amma exams resume after Eid Al-Adha holidays    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    US emphasises AU's role in mediating Ethiopian damdispute    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    Egypt denounces Ethiopia's move to start second filling of giant dam    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Egypt's Ahly is establishing a new stadium, expected to be 'sports complex'    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt could see 4-5 IPOs in H2: chairman
Published in Amwal Al Ghad on 14 - 06 - 2021

Egypt is expecting from four to five initial public offerings (IPOs) within the second half of the year, the country' stock exchange (EGX) chairman told reporters on Sunday.
Speaking on the sidelines of the first forum of heads of African investment commissions in Sharm El-Sheikh, Mohamed Farid said that after listing the shares of two new companies this year, a third offering that was delayed is expected before the year-end.
Farid further revealed that more IPOs are expected during the second half of the year, with four to five private sector companies recently discussing listing on the Egyptian bourse.
These companies work across multiple sectors such as petrochemicals, information technology, and agriculture, he added.
The Egyptian official called for integration between African exchange markets and brokerage companies through digital solutions that encourage the flow of investments and create an environment that caters to the needs and ambitions of all investors.
"Inter-African securities trading requires integration between exchanges and brokerage firms through electronic linking that allow flow of investments and trading in an ecosystem that meets the requirements of all investors, which in turn will boost liquidity and trading between African exchanges," Farid said.
Under the theme Integration for Growth, Egypt is hosting the inaugural forum for the heads of African investment commissions in Sharm El-Sheikh on 11-13 June. The forum was inaugurated on Friday by Egyptian Prime Minister Mustafa Madbouli, with the participation of 33 African countries and representatives of international and African economic institutions.


Clic here to read the story from its source.