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El Attal Holding has become the latest local real estate player to announce its intention to go public in 2025, with the developer planning to list some 28% of its shares on the EGX in 3Q 2025, Al Borsa reports, citing the company’s Chairman Ahmed El Attal.
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El Attal tapped CI Capital to manage the offering and is already at work to fulfill all the necessary requirements ahead of the listing, he told the news outlet.
This isn’t the first time we hear about the offering, as Al Attal said in July that his company was planning to list 30-35% of its shares on the EGX in 2025, noting that the developer was coordinating with advisors from the UK and Greece to set up the offering.
There’s a big appetite from investors for real estate companies on the EGX, thinks Tarek Abdel Rahman, CEO of fellow local real estate player Bonyan, which is also planning on debuting on the exchange this year. "Real estate is underrepresented on the EGX, despite contributing 18.5% to GDP over the past decade,” Abdel Rahman said last week at a press conference attended by EnterpriseAM.
