NI Capital expects government will IPO 30 state-owned companies in two years

IPO WATCH- NI Capital expects the government to potentially list around 30 state-owned companies on the stock exchange as part of the state IPO program in the coming two years, NI Capital CEO Ashraf El Ghazaly said on Sunday. While the final number of listings is not set yet, El Ghazaly says some 10-12 companies will be large caps that would have an impact on the EGX, according to Al Borsa. First in line is state energy firm Enppi, whose listing date is expected to be sometime next year. This will be followed by Banque du Caire, which is expected to IPO in 1H2018.