IPO WATCH- NI Capital expects Enppi will list on the EGX before the end of 2017, Reuters reports. It expects to raise between USD 100-150 mn from the offering. NI Capital, the government’s investment bank and coordinator of the program to offer via IPO stakes in select state-owned companies, says it “will also offer shares in companies from the petroleum, services, chemicals, shipping, maritime and real estate sectors.”
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…