Prime Holding Mulls Running 2 IPOs on Egypt Bourse

Egypt-based Prime Holding for Financial Investments is studying to manage 2 new initial public offerings (IPOs) within upcoming period.

In this respect, Prime’s Vice Chairman Mohamed Maher elaborated that the two IPOs will be in favour of companies working in real estate and cement sectors.

Prime is currently conducting studies to define the optimal timing to launch the IPOs, he added.

In addition to the relative stability in Egypt, Maher has referred to the vivid amendments to the Egyptian Exchange’s listing rules, which would in return boost the investors’ appetite to list their companies’ stocks in the market.