The Smart Villages Development and Management Company (SVC) is planning to list 30-35% of its shares on the EGX in an IPO earmarked for 1H 2025, according to two separate disclosures by shareholders Naeem Holding and its real estate investment vehicle Reacap Investments (here and here).

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The company aims to raise around EGP 2 bn from the IPO, with proceeds earmarked for the development of a new Smart Village in east Cairo and funding ongoing expansions in west Cairo, unnamed sources with knowledge of the matter told Asharq Business. The offering will also be done through a capital increase, the sources said.

The fine print: The offering going through will depend on SVC receiving the necessary regulatory approvals and market conditions.

Who owns what: Naeem Holding controls a 32.1% stake in Smart Villages through its related parties, with 14.9% held directly through Reacap Financial Investments. The remaining shares are divided among the CIT Ministry, Banque Misr, and other institutions.

Smart Villages? Founded in 2001 under a public-private partnership, the company specializes in developing and managing branded technology clusters and business parks, according to its website. SVC has 700k sqm of office space under its wings spread between 86 buildings and 180 business partners — it is best known for its landmark Smart Village project in Giza.

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