Al Ahly Sabbour planning IPO within the year

IPO WATCH- Al Ahly for Real Estate Development Sabbour is planning to list shares on the EGX within a year, company managing director Ahmed Sabbour tells Al Borsa. The company is currently deciding between three potential global coordinators for the transaction, he added, stopping short of naming names. Al Ahly Sabbour is also in the market for a legal counsel on the transaction, he said. Sabbour told the newspaper that the company, in which the National Bank of Egypt holds a 40% ownership stake, is restructuring ahead of the IPO.