Cairo Financial Holding (CFH Holding) plans to manage an IPO for an Egyptian company into the local stock exchange, within next year, CEO Ashraf Salman said on Monday.
Speaking to Amwal Al Ghad, Salman said CFH will manage an initial public offering for a company working in the industrial sector into the Egyptian Exchange (EGX) within the first quarter of 2015. The capital of the industrial company is at value of EGP 250 million, he noted.
“Cairo Financial is preparing to increase its presence in the Egyptian market through expanding its activities within the upcoming phase.” Salman said.
Cairo Financial Holding, through its subsidiaries, provides financial advisory services. The firm offers mergers and acquisitions, divestures and spin offs, buyouts, initial public offering, private placement, corporate finance, takeovers, and tender offer advisory services. Additionally, it provides loan, securitization, bond offering, structured finance, and Islamic product advisory services. Cairo Financial Holding is based in Cairo, Egypt.