Fresh details about Korra Energi’s planned IPO have begun emerging, with Chairman Ayman Korra telling Asharq Business that the energy solutions firm plans to offer up to a 20% stake on the EGX. There’s still no word on how much they’re hoping to raise in the offering.

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We also got a more definite timeline for the offering, with Korra pencilling in the first half of 2025 — meaning that the company isn’t planning to extend its temporary listing period more than the allotted six-month period.

The company is also currently in the process of selecting an advisor for the planned offering, Korra told the outlet.

Remember: Korra Energi last week temporarily listed 2.3 bn shares at EGP 0.20 each after the bourse’s listing committee approved the move. Korra has six months to launch an IPO under the listing requirements, which also let the company extend the period with prior approval from the authority.

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