IPO WATCH- The Civil Aviation Finance Holding Company (CIAF) plans to list 30% of its shares on the EGX by year’s end to finance its future investments, CIAF Chairman Hassan Mohamed tells Al Masry Al Youm. CIAF, an aircraft lessor, plans to purchase four new airplanes worth USD 70 mn to lease them domestically and abroad this year. The company also plans to invest USD 20 mn throughout 2018 in purchasing new equipment to lease to local airlines. CIAF is currently in talks with several local banks for a USD 50 mn loan to finance the investments it has planned for this year.

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