Arabia Investments to appoint Financial Advisor for Peugeot Egypt Agent IPO

By Yomna Yasser On Apr 26, 2015

Shareholders of Arabia Investments, Development and Financial Investment Holding Co. will hire a financial advisor for the initial public offering (IPO) of its subsidiary, Cairo for Development and Car Manufacturing, on Egypt’s bourse.

Cairo for Development and Car Manufacturing is a 90%-owned subsidiary and the exclusive agent for the Peugeot car brand in Egypt.