Arab Contractors to list 40% of investment arm in 4Q2018

IPO WATCH- Arab Contractors plans to list around 40% of its investment arm Arab Contractors for Investments on the EGX in 4Q2018, Arab Contractors Chairman Mohsen Salah said, according to Al Borsa. The companying had been readying itself for a listing as part of the state IPO program for the past year, with the company having undergone restructuring, Salah added. He gave no further details on the listing.

Separately, the company has completed excavation work on one of the South Port Said tunnels connecting Sinai to the mainland, according to Al Shorouk.