Tabarak Holding to make long-awaited EGX debut in 2025: Tabarak Holding is planning to list 30% of its shares on the EGX by 2H 2025, chairman Ali Al Shorbany told Asharq Business.

This isn’t the first time the company has mulled an IPO: Tabarak previously announced that it would be making EGX debut by the end of 2022, with Al Shorbany saying at the time that the company planned to list 30-40% of the company’s shares in a bid to raise up to EGP 1 bn.

Tabarak has big plans ahead: The company is targeting sales of up to EGP 15 bn from its existing projects in Egypt in the coming year, Al Shorbany said, adding that 30-35% of the company’s sales in the Egyptian market have been made to clients outside of Egypt and paid for in FX.

A lot of these projects will be in around Cairo: The company is set to sign final agreements with the New Urban Communities Authority (NUCA) to launch its new, 800-acre project in New Sphinx next month, with Tabarak also in discussions with NUCA about the purchase of land in New Zayed.

But Tabarak has also got its eyes on some big ticket projects in Saudi Arabia: Tabarak is currently studying potential partnerships with the Saudi National Housing Company and Al Saedan Real Estate to develop projects including a 150k square meter commercial mall complex with around SAR 100 mn worth of investments, Al Shorbany told Asharq Business.

Tags: