**#5 IPO WATCH- El Farasha revives plans for an IPO in 2H2019: El Farasha for Printing has revived plans to list on the EGX, according to statements attributed to Chairman Mohamed Khalil by Al Mal. The listing, originally planned for this year, is expected to take place in 2H2019, he said, adding that the company was waiting for an opportune time in the market. He implied that the company was looking to hire investment banker to manage the IPO, which had previously been tipped to go to Beltone Financial. Khalil did not specify the size of the listing. Last we heard, El Farasha was expected to offer for sale up to 35% of the company in 1Q2018.

Tags: