El Farasha seeks 1Q2018 IPO

IPO WATCH- El Farasha for Printing says its plans to list 35% of its shares on the Egyptian Exchange are back on the table, Al Mal reports. The company is mulling a listing on the EGX in 1Q2018, after having first said it was considering the listing by 2016’s end. The company’s head of IR said they opted to delay the listing with the onset of economic reform measures in order to have a clearer view on the direction within the market. El Farasha is now in the market for investment banks to manage the issuance.