EFG-Hermes has run 10 IPOs in Cairo, Dubai, London in 2yrs and half

Egypt’s EFG-Hermes has run around 10 initial public offerings throughout 2014 and until the first half of 2016 in favour of Cairo, Dubai, and London stock exchanges.

The value of those IPOs totalled $3.833 billion approximately, Mostafa Gad – EFG Hermes’ investment banking director – told Amwal Al Ghad on Sunday.

In 2016, Egypt’s largest investment bank has so far run two IPOs worth $167.54 million for dairy maker Domty and healthcare firm Cleopatra Hospital Company.