Saudi-owned agribusiness and Alkhorayef Group subsidiary Rakhaa for Agricultural Investment and Development is planning to list 30% of its shares on the EGX in a secondary offering in 2H 2025, Alkhorayef’s Managing Director Abdullah Alkhorayef told Cairo Weekend’s Zeina Soufan (watch, runtime: 16:00). “We’re fully ready for the IPO, both administratively and financially,” he said.

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Rakhaa has been in Egypt for 20 years and controls 24k feddans of land in East Oweinat, of which 10k are currently cultivated with wheat, potatoes, and sugar beet and are producing at maximum capacity, Alkhorayef said. The company reports over EGP 500 mn in annual revenues, growing at 8–12% per year.

While the IPO won’t fund new farmland, proceeds will support a vertical integration strategy that includes a seed purification plant, onion drying facility, date processing factory, and cattle-fattening unit — echoing Egypt’s broader push to localize food production and increase value-added exports.

Rakhaa’s shareholders include major Saudi firms Tabuk Agricultural Development (21.61%), Al Jouf Agricultural Development (8.6%), Wafrah for Industry and Development (8.6%), and Jazan Development and Investment (21.61%), with additional undisclosed stakes held by Almarai and Alkhoraif himself.

The 2025 IPO pipeline: Several private companies announced plans to go public on the EGX this year, including Valu, El Attal Holding, Al Ahly Group for Modern Agriculture, Go Green for Agricultural Investment, Korra Energi, Smart Village, and Al Ahly Sabbour.

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