Ahead of a probable IPO this year, state firm Enppi announces strong revenue growth

IPO WATCH- Enppi, the state-owned EPC contractor serving the oil and gas industry, saw revenues grow 72% y-o-y in FY2017 to EGP 8.6 bn, the Oil Ministry said in a statement on Wednesday. The announcement comes as the company is likely to be among the first two companies to list this year as part of the state IPO program.