IPO WATCH- IWAN Developments looks to list after restructuring: Real estate developer IWAN Developments is currently setting up a holding company to consolidate its subsidiaries and plans to list the new company on the EGX, CEO Waleed Mokhtar tells Amwal Al Ghad. Mokhtar did not provide further details on the expected size or timing of the listing, saying that the company is “waiting for the right time and conditions” for the IPO.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…