IPO WATCH- AlGioshy Steel is considering listing 40% of its shares on the EGX in 4Q2019 to fund its local expansion plans, a top company exec tells Amwal Al Ghad. The company is currently working on adding a second production line at its steel rebar factory in Sixth of October and expects to have it up and running this quarter. The cost of the new line will ring in at EGP 300 mn, he said, ahead of the EGP 500 mn the company had previously signaled it would demand.

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