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Egypt Education Platform (EEP) is the latest education player to join the IPO waiting room, after filing a request yesterday for listing on the EGX. The private-sector vehicle — an EFG Hermes-backed venture that includes the Sovereign Fund of Egypt among its anchor investors — is looking to list some 199.4 mn shares on the main market.
We don’t know what’s on offer yet. The target float is still under wraps, though EEP will need to offer a minimum of 10% to the public to meet main market requirements. It is also unclear whether this will be a secondary offering (existing backers cashing out) or a primary offering (issuing new shares to raise capital).
It’s a good time to be an education stock. The defensive sector led an EGX rally in April posting a 51.7% monthly gain.
About the IPO-hopeful: EEP runs 25 assets across the country, including Cairo, Alexandria, and Somabay. Its portfolio includes Gems International Schools, Prime National Schools, Hayah Schools, Selah El Telmeez, and Montessori-based preschools Trillium and Petals, according to its website.
What’s next: EEP’s six-month listing window opens from yesterday’s filing date, putting the outer limit for a formal IPO application around November. The next procedural milestone is FRA approval of a prospectus, and tapping an arranger.
We sat down with Ahmed Wahby, CEO of EEP, on the sidelines of the EnterpriseAM Egypt Forum 2025 to discuss the company’s recent entry into Saudi Arabia, where he sees the strongest prospects in Egypt’s evolving economy, how he is budgeting for FY 2026/27, and why he remains firmly optimistic about the outlook for the education industry.
BACKGROUND- EFG Hermes was among the first in our region to push into education as an asset class for private equity, building out the Spark Education Platform, a K-12 portfolio that includes EEP. Spark recently rebranded as MindSpire and announced it was taking Egypt’s Hayah schools brand to Saudi Arabia, where MindSpire has built a significant portfolio of assets. Its other investments include Option Travel, curriculum and ed-tech outfit Selah El Telmeez, and management partnerships with GEMS Education and the Trillium & Petals preschool network.
