Nabq Sinai to offer 25% of its shares in IPO

IPO WATCH- Nabq Sinai to offer 25% of its shares in IPO: Nabq Sinai Hotels is planning to sell 25% of its shares in an IPO and is currently in the process of hiring advisers for the transaction, Chairman Hossam Attia tells Al Mal. The company is also in the process of raising its capital to EGP 100 mn from EGP 60 mn to meet regulatory requirements, he said. Nabq Sinai won a court case in 2015 and received a verdict that allows Sinai-based companies to list on the EGXunder the condition that they sell shares only to Egyptians.