Egyptian dairy maker Beyti rules out IPO for the time being

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Egyptian dairy and juice maker, Beyti is not planning to sell some of its shares on the country’s stock market, its managing director Mohamed Badran told Amwal Al Ghad Saturday.

Badran made these remarks during a press conference held in Cairo Saturday on the occasion of commencing works on Beyti’s latest factory for juice products in Nubariah district, located in Cairo-Alex Desert Road, in the presence of the country’s Investment Minister Ashraf Salman.

Beyti -formerly known as International Company for Agro Industrial Projects- has a 25 percent share of the Egyptian juice and dairy market, its managing director added.