Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
Qalaa Holdings logistics subsidiary National River Ports Management (NRPM) is reportedly preparing to list a 30-40% stake on the EGX, Al Arabiya reports, citing unnamed sources. The company plans to submit its listing paperwork within the next few weeks, targeting a public offering in June or July, depending on market conditions. The move values the company’s capital at an initial EGP 1 bn.
About the IPO hopeful: NRPM is a heavy hitter in our local logistics and river transport sector, operating the Tanash River Port in Giza and developing the Tebbin Port in Alexandria. The company provides specialized warehousing and handling solutions for bulk commodities like coal, grain, cement, and phosphate — handling 1.1 mn tons of coal and petcoke last year.
The bigger picture: This IPO is just the start of Qalaa’s plan to unlock value and shrink its debt pile — the board signed off on an ambitious plan last year to float up to five of its subsidiaries on the EGX over the next two years, including Dina Farms for Food Industries, ASEC for Automation, and two undisclosed companies.
Qalaa’s plan is setting sail just as the Nile gets a much-needed digital upgrade. The Cabinet just signed off on a contract with Austrian tech firm Frequentis to deploy a real-time River Information System across the waterway. By wiring vessels with advanced tracking and electronic charts, the new tech will allow commercial barges to navigate safely 24/7 — laying the infrastructure needed for the state to actually hit its target of increasing the river’s share of national freight to 10% by 2038.
ADVISORS- Zilla Capital has been tapped to manage the offering, while Baker Tilly is acting as an independent financial advisor.
IN OTHER IPO NEWS
Al Ahly Sabbour is hitting the brakes on its planned EGX debut until the regional conflict subsides, Zawya writes, citing comments by Chairman and Managing Director Ahmed Sabbour. The real estate developer was gearing up to float a 20-25% stake, but Sabbour confirmed the IPO is now on hold to shield the transaction from market volatility.
BACKGROUND- A public listing has been in the pipeline since 2017 and the developer — whose ownership is split between the Sabbour family (60%) and the National Bank of Egypt (40%) — said last year it was in the final stages of selecting an IPO advisor by June 2025.
Sabbour noted, however, domestic sales remain fully insulated despite the IPO freeze, although rising construction costs are expected to drive up local property prices by 15-20% this year.
