Saudi-owned Rakhaa wants to go public on EGX with 30% stake
Rakhaa has been in Egypt for 20 years and operates 24k feddans
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Rakhaa has been in Egypt for 20 years and operates 24k feddans
The companies are Wataneya, Safi, Silo Foods, Chill Out, and the National Roads Company
Shareholders of EFG Holding are directly in line for a USD 63 mn windfall from the transaction
The public offering will feature a mix of newly issued and secondary shares
Companies raked in a total of USD 7.9 bn in IPO proceeds in 4Q 2024
The developer is looking to list some 20-25% of its shares on the EGX
The company wants to increase its issued and paid-up capital to EGP 1.1 bn
Go Green saw its shares dip 6.21% during its first day of trading
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