ICEC

Beltone Financial advising on new Egypt IPO in Q1-2018

Egypt’s investment bank Beltone Financial Holding plans to advise on a new initial public offering in the first quarter of 2018, its head of investment banking division, said Thursday.

The IPO is in the agricultural sector, with a capital worth more than 1 billion Egyptian pounds ($56 million), Sobhy El Sehrawy told Amwal Al Ghad.

Beltone is planning to advise on three new IPOs by next year, El Sehrawy added.

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