ICEC

HC seeks to list chemical firm on Cairo bourse in H1-2017

Egypt’s investment bank, HC Securities and Investment is seeking to list a chemical firm in the stock market within the first half of 2017, an official announced Monday.

Mahmoud Selim, Head of Investment Banking at HC Securities, told Amwal Al Ghad that HC is currently studying the situation in the market to determine the optimal timeframe to start the initial share offering for the company.

HC’s assets under management stood at 4 billion pounds by the end of 2015, involving 35 financial portfolios and 14 mutual funds for major banks operating in the Egyptian market; Misr Iran Development Bank, National Bank of Egypt, and Suez Canal Bank.

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