Prime Group to debut two subsidiaries on EGX this year

Prime Group plans to debut its subsidiaries Prime Hospitality and Prime Real Estate on the EGX this year, Prime Group Chairperson Tamer Wagih told Masrawy. Wagih did not provide further details on the expected size of the stake sales. The company is currently studying the planned listings and should have a clearer picture by the end of 1Q2021. The company also plans to establish a EGP 1.5 bn Prime Outlet Cairo Mall on the Cairo Ismailia Desert road in 1Q2022, Wagih said.