Egyptian investment bank FEP Capital says talks were underway to make four new listings in the local stock market for small and medium-sized enterprises – NILEX.
Omar El Maghawry, chief executive of FEP Capital, said on Monday that the three planned listings would be in food, health, and education sectors.
The talks are part of FEP Capital’s strategy to boost IPO-under-management activities on NILEX in the coming period, El Maghawry added.
FEP Capital is targeting running between three and four IPOs on NILEX annually, he said.
FEP Capital, part of regional First Equity Partners (FEP), is a private Equity, investment banking, and consultancy company; it is the most recent investment bank working in Egypt.