** #5 IPO WATCH- Orientals for Urban Development eyeing 2019 IPO: Oriental Weavers sister company Orientals for Urban Development (OUD) is looking at a potential IPO in 2H2019, Chairman Asser Hamdy said. According to Hamdy, the company is studying hiring an adviser for the transaction, and expects to make a choice in 2019. The company is also planning to invest EGP 3 bn next year in its residential and commercial projects and hotels, including the inauguration of two new hotels in the North Coast and Marsa Alam, as well as construction works on a mall in East Cairo and two residential compounds — Janoub in the new capital and Heliopolis Hills in Obour City.

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