IPO WATCH- Al-Babtain Power & Telecom taps Premiere Securities to lead IPO: Al-Babtain Power & Telecommunication Co. Egypt reportedly contracted Premiere Securities to lead the company’s planned IPO on the EGX, the company said in a disclosure to Tadawul. Al-Babtain is a subsidiary of Saudi’s Al-Babtain Group, which manufactures power transmission and cellular network broadcast towers. Premiere is expected to finish drawing up plans for the transaction by the beginning of September.

Tags: