{"id":88723,"date":"2024-12-18T00:00:00","date_gmt":"2024-12-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/"},"modified":"2024-12-18T00:00:00","modified_gmt":"2024-12-18T00:00:00","slug":"korra-energi-eyes-2025-debut-on-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/","title":{"rendered":"Korra Energi eyes 2025 debut on EGX"},"content":{"rendered":"

Korra to IPO 20% on EGX: <\/strong>Contracting and energy efficiency company Korra<\/a>Energi<\/a> is preparing an IPO, with plans to list up to 20% of its shares on the Egyptian Stock Exchange (EGX) in 1H 2025, Chairman Ayman Korra telling Asharq Business<\/a>. There\u2019s still no word on how much they\u2019re hoping to raise in the offering.<\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background and outside sources.)<\/p>\n

Background:<\/strong> Korra Energi last week temporarily listed<\/a> 2.3 bn shares at EGP 0.20 each after the bourse\u2019s listing committee approved the move. Korra has six months to launch an IPO under the listing requirements, which also let the company extend the period with prior approval from the authority.<\/p>\n

The company is also currently in the process of selecting an advisor for the planned <\/strong>offering<\/strong>, Korra told the outlet.<\/p>\n

About Korra:<\/strong> The 25-year old company has been active in waste-to-energy efforts in Egypt since it launched its first waste-to-energy plant in 2009. Last year, it inaugurated<\/a> Egypt\u2019s first waste-to-energy facility to repurpose waste from power plant and flare gas projects. The company claims its projects in Egypt contributes to cutting around 600k tons of CO2 emissions per year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company\u2019s EGP 450 mn in paid-up capital is distributed across 2.25 bn shares with a nominal value of EGP 0.20 per share<\/p>\n","protected":false},"author":1,"featured_media":88724,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[378],"tags":[40,11,377,136],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-egypt","tag-enterpriseclimate","tag-ipo-watch","tag-waste-management","wpautop","entry"],"acf":{"mongo_id":"a4d20b3b-bad8-478e-bbf1-e146ad2caec2","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1663.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Korra Energi eyes 2025 debut on EGX","related_issue":[88718],"teaser":"The company\u2019s EGP 450 mn in paid-up capital is distributed across 2.25 bn shares with a nominal value of EGP 0.20 per share","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.e98734a0-a529-4409-8901-ad4d5568a27c.mp3"},"yoast_head":"\nKorra Energi eyes 2025 debut on EGX - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korra Energi eyes 2025 debut on EGX\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s EGP 450 mn in paid-up capital is distributed across 2.25 bn shares with a nominal value of EGP 0.20 per share\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1663.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Korra Energi eyes 2025 debut on EGX\",\"datePublished\":\"2024-12-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/\"},\"wordCount\":208,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1663.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Egypt\",\"EnterpriseClimate\",\"IPO watch\",\"waste management\"],\"articleSection\":[\"IPO WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/18\/korra-energi-eyes-2025-debut-on-egx\/\",\"name\":\"Korra Energi eyes 2025 debut on EGX - 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