Bonyan will be on the road after Eid to market its upcoming IPO to local institutional investors, before expanding to Gulf buyers in Saudi Arabia, the UAE and Oman, chairman Shamel Aboul Fadl told Al Mal. The Financial Regulatory Authority (FRA) is currently reviewing the offering’s documents, Aboul Fadl told Al Mal.

Remember: We’re expecting the real estate investment firm to make its EGX debut no laterthanApril. The Compass subsidiary in January got the green light from from the EGX’s listing committee to list its shares on the EGX under the ticker symbol BONY.CA ahead of its awaited IPO.

SOUND SMART- Bonyan will be the first real estate operating company (REOC) to hit the EGX. Unlike traditional property developers or real estate investment trusts (REITS), the REOC model involves owning and managing a portfolio of income-generating properties.

The details: The offering will feature a mix of newly issued and secondary shares, with the secondary tranche accounting for the bulk of the offering, CEO Tarek Abdelrahman told EnterpriseAM. Some 90% of the shares offered will be allocated to private placements, with the remaining 10% available through a public offering, he added.

ADVISORS- CI Capital and Arqaam Capital are leading the IPO as coordinators and bookrunners, with Mubasher acting as the offering agent. Legal advisory is being provided by Matouk Bassiouny & Hennawy, while Baker Tilly is the independent financial advisor preparing the fair valuation.

DIVE DEEPER- We have everything you may want to know about the IPO in our coverage ofthe story earlier this year.

** We spoke to Aboul Fadl for our weekly My Morning Routine column last month. Check out the interview here.

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