{"id":542515,"date":"2022-01-02T04:09:31","date_gmt":"2022-01-02T04:09:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/4-5-companies-could-sell-shares-on-the-egx-this-year-farid\/"},"modified":"2022-01-02T04:09:31","modified_gmt":"2022-01-02T04:09:31","slug":"4-5-companies-could-sell-shares-on-the-egx-this-year-farid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/4-5-companies-could-sell-shares-on-the-egx-this-year-farid\/","title":{"rendered":"4-5 companies could sell shares on the EGX this year -Farid"},"content":{"rendered":"

<\/a> Four or five companies could offer shares on the EGX in 2022<\/strong>, Hapi Journal<\/a> reported EGX boss Mohamed Farid as saying last week. Ten companies have contacted the bourse regarding listing shares on the exchange, he said, without providing further details.<\/p>\n

In the running to become the first of 2022: <\/strong>Nahr Elkhair Development and Investment<\/a>, which last week received the greenlight to IPO from the EGX listing committee, according to a bourse statement<\/a>. The agricultural company\u2019s 2 bn shares will today be admitted to trading on the exchange at a par value of EGP 0.10 apiece ahead of the sale, which could see as much as 61% of the company<\/a> offered to investors.<\/p>\n

Look for the IPO to be worth up to EGP 500 mn<\/strong>, the FRA statement implies. The company, which operates in land reclamation and livestock, among other sectors, will see its shares trade under the ticker KRDI.CA. Nahr Elkhair was originally looking to offer a 25-40% stake<\/a> to investors.<\/p>\n

ADVISORS-<\/strong> Baker McKenzie is providing legal advice to Nahr Elkhair. We\u2019re not clear on which investment bank(s) are leading the transaction.<\/p>\n

Also lined up for EGX debuts this year: <\/strong>Cosmeceuticals giant Macro Group <\/strong>is set to offer up to 45.8% of its shares in a transaction that could value the company at around EGP 3.5 bn before its FRA approval expires on 23 January<\/a>, though an official timeline has not yet been set. Healthy food brand Abu Auf<\/strong> also has its eye on a 2Q2022 listing<\/a>, having recently tapped EFG Hermes to quarterback the transaction, while non-bank financial services player Ebtikar<\/strong> could go to market in early 2022<\/a>. Ghazl El Mahalla Football Club <\/strong>is also offering shares in a micro-IPO (see story below).<\/p>\n

EDITOR'S NOTE: This story was corrected on 12 January, 2021 to reflect that the EGP 3.5 bn figure refers to the potential value of 100% of Macro Group's shares, not the 45.8% of shares set to be offered in the transaction.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Four or five companies could offer shares on the EGX in 2022, Hapi Journal reported EGX boss Mohamed Farid as saying last week. Ten companies have contacted the bourse regarding listing shares on the exchange, he said, without providing further details. In the running to become the first of 2022: Nahr Elkhair Development and Investment, […]<\/p>\n","protected":false},"author":1,"featured_media":542516,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7224],"tags":[68,72,76,78,77,75],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-egx","tag-enterpriseam","tag-financial-regulatory-authority","tag-ipo-watch","tag-macro-group","tag-nahr-elkhair-development-and-investment","wpautop","entry"],"acf":{"mongo_id":"8f6fc0ca-43c9-45f4-b2ed-c9a088e01ac0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/3.jpg","photo_position":"above","related_issue":[542511],"teaser":"","voice_url":""},"yoast_head":"\n4-5 companies could sell shares on the EGX this year -Farid - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/4-5-companies-could-sell-shares-on-the-egx-this-year-farid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4-5 companies could sell shares on the EGX this year -Farid\" \/>\n<meta property=\"og:description\" content=\"Four or five companies could offer shares on the EGX in 2022, Hapi Journal reported EGX boss Mohamed Farid as saying last week. Ten companies have contacted the bourse regarding listing shares on the exchange, he said, without providing further details. 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The listing will pave the way for company\u2019s plan to offer up to 45.8% of its shares (which will trade under\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554280,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/macro-group-scheduled-to-ipo-before-23-january-omran\/","url_meta":{"origin":542515,"position":3},"title":"Macro Group scheduled to IPO before 23 January -Omran","author":"enterpriseam admin","date":"28 December 2021","format":false,"excerpt":"Cosmeceuticals giant Macro Group Pharma is scheduled to IPO before 23 January, Financial Regulatory Authority (FRA) head Mohamed Omran told CNBC Arabia yesterday. 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Aramco had only an indirect impact by changing companies\u2019 relative weight in global market indices such as the MSCI Emerging Markets Index.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/Mohamed-Farid-EGX-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568583,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/foreigners-net-buyers-of-egyptian-securities-in-2019-more-from-mohamed-farid\/","url_meta":{"origin":542515,"position":5},"title":"Foreigners net buyers of Egyptian securities in 2019 + more from Mohamed Farid","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Strong appetite for Egypt\u2019s fixed-income assets meant that net foreign purchases of Egyptian securities came in at EGP 42.3 bn last year, despite equities seeing EGP 1.7 bn in net outflows, EGX boss Mohamed Farid said in an interview yesterday. This trend isn\u2019t exclusive to Egypt Farid says. Foreign investors\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/717.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542515"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542515\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542516"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542515"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542515"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}