Al Ahly Sabbour plans to offer up to a 25% stake on the EGX
The company’s ownership is split between the National Bank of Egypt and the Sabbour family
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The company’s ownership is split between the National Bank of Egypt and the Sabbour family
The upper limit of the indicative price range gives the bank a market cap of up to EGP 17.2 bn
The company is also reportedly rolling out well-stimulation technologies across key fields
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The bank plans to sell a 30% stake on EGX before the end of the year
The bank will temporarily list EGP 5.5 bn worth of shares
The bank is planning to list 1.1 bn shares with a nominal value of EGP 5 per share
The company is currently setting up a pipe manufacturing facility for a Chinese investor
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