Lazard to assess Wadi Group’s Assets ahead of IPO Plan

French investment bank Lazard Ltd will analyse Wadi Holdings’ assets to determine their value ahead of starting IPO on Egypt stock Exchange, Wadi’s managing director Tony Freiji announced.

Wadi Holdings (Wadi Group) – a family-owned Lebanese agribusiness company based in Egypt – is planning to list shares on the Egyptian bourse within 2016.

Speaking to Amwal Al Ghad on Tuesday, Freiji stated that Lazard would also study other available funding mechanisms to assist Wadi in carrying out its investment strategy.

Wadi is also considering participation in national projects in Egypt, notably the One Million Feddans Reclamation project, he noted.