Rooya in talks with investment banks to find issuance manager for October IPO

IPO WATCH- Rooya Real Estate Investment Company is actively looking for an investment bank to lead its upcoming initial public offering, CEO Hisham Shoukry said on Sunday, according to Al Shorouk. Pioneers Holding, which currently owns 60% of Rooya, is looking to list half of its shares in the company on the EGX by October. Rooya expects to file the necessary paperwork for its IPO within days, according to Shoukry.