Masr Capital restructuring 25 firms ahead of IPO on Egypt SME bourse

Egypt’s Masr Capital for Projects Valuation and Assets Administration is restructuring around 25 firms ahead of their initial public offerings on the country’s SMEs stock exchange, Nilex.

“Most of these firms are operating in the industrial sector,” Masr Capital’s chairman Hassan Soliman told Amwal Al Ghad on Wednesday.

With capitalisation ranging between 5 and 20 million Egyptian pounds ($301,202 – $1.2 million), these firms are looking to finalise the listing on Nilex by 2020, Soliman said.

The last time companies were listed on Nilex was last April when shares were floated in Speed Medical.