E-finance to IPO in 2H2019

IPO WATCH- E-finance to IPO in 2H2019: State-run electronic payments company e-finance is planning an IPO in 2H2019, Chairman and Managing Ibrahim Sarhan said in a press conference on Wednesday, according to Al Mal. The company, which manages the state’s electronic payments and financial infrastructure, is one of the 23 state companies that are listing (or that are already listed, but offering new stakes to the market) as part of the state privatization program. The timing could place it among the companies of the second phase of the program, which will primarily involve new listings. Sarhan did not give further details beyond stating that the firm’s board will officially sanction the decision soon.