Property developer Tabarak to list 4 affiliates on Cairo bourse in Q1

Egyptian real estate leader developer, Tabarak Holding plans to sell shares of its four affiliates on Cairo bourse in the first quarter of 2016, chairman Ali El Shorbany announced Monday.

El Shorbany further told Amwal Al Ghad that Tabarak’s affiliates set to launch initial public offering on Cairo bourse are; Al Ofoq for Investments and Touristic Development, Tabarak for Housing and Development, Maadi Heights, and Maadi for Investment and Development.

Tabarak also aims to later sell shares of other affiliates; New Maadi and Delight Tour on the local bourse, the official added.