IPO WATCH- Some 14 real estate and tourism companies are preparing to offer shares on the bourse next year, EGX Chairman Mohamed Farid told the press yesterday, Al Borsa reports. The 14 IPO contenders are subsidiaries of eight larger companies, according to Farid, who added that another six companies in the financial and petrochemicals industries are still in the early phases of their respective IPO plans and currently looking into the requirements and conditions. As we noted yesterday, EFG Hermes expects to hold three IPOs next year, including Unionaire Group and Oriental Petrochemicals Company. Meanwhile, the long-awaited IPO of Banque du Caire is expected sometime during 4Q2018, according to EFG Hermes’ Co-Head of Investment Banking Mostafa Gad.

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