Egypt’s BICC plans IPO within 3 years

IPO WATCH- BICC int’l school eyes IPO in the long term: The British International College of Cairo (BICC) plans to list on the stock exchange within the next three years, owner Ahmed Samir tells Al Mal. The New Cairo-based facility will inaugurate a EGP 450 mn branch in the new administrative capital in the next academic year, Samir said, revising upward a EGP 350 mn estimate he announced last year. The school’s holding company will look into selling shares on the exchange to finance other expansion plans within two years of the inauguration, Samir said, without specifying whether he would target the EGX or the small-cap Nilex.