{"id":555146,"date":"2021-11-03T04:00:12","date_gmt":"2021-11-03T04:00:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/03\/benya-capital-studies-dual-listing\/"},"modified":"2021-11-03T04:00:12","modified_gmt":"2021-11-03T04:00:12","slug":"benya-capital-studies-dual-listing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/03\/benya-capital-studies-dual-listing\/","title":{"rendered":"Benya Capital studies dual listing"},"content":{"rendered":"

<\/a> IT infrastructure contractor <\/strong>Benya Capital<\/a><\/strong> is c<\/strong>onsidering a dual listing on the EGX and a foreign bourse<\/strong>, CEO Ahmed Mekky said, according to Hapi Journal<\/a>. The company will soon complete studies on a potential IPO in Egypt, after which it will decide on the second market and the timing of the offering.<\/p>\n

There has been a lot of IPO talk after e-Finance\u2019s successful debut on the EGX last month:<\/strong> The state-owned fintech firm raised some EGP 5.8 bn<\/a> when it listed a 26% stake on the bourse, making it the biggest IPO in Egypt in six years. In the days that followed, e-Finance suggested it could follow up the sale by listing two of its subsidies<\/a>, while Ghazl El Mahalla<\/a> announced its intention to become the first listed sports club in Egypt with a share sale in November.<\/p>\n

But so far, we\u2019ve heard zip from the private sector players most likely list:<\/strong> The parent company of health foods brand Abu Auf<\/a> said earlier this fall it will list in the first half of 2022, with EFG Hermes in the driver\u2019s seat. Macro Pharma<\/a> also has plans to list, having made a last-minute u-turn on its IPO in April and later hired EFG Hermes to quarterback the sale. And non-bank financial services player Ebtikar<\/a> has also said it plans to go public.<\/p>\n

Benya is a digital solutions and IT infrastructure provide<\/strong>r focused on Egypt and the Middle East and Africa region. The company owns Fiber Misr Systems, Fiber Misr Engineering, Benya Cables and Benya Raqmeya.<\/p>\n","protected":false},"excerpt":{"rendered":"

IT infrastructure contractor Benya Capital is considering a dual listing on the EGX and a foreign bourse, CEO Ahmed Mekky said, according to Hapi Journal. The company will soon complete studies on a potential IPO in Egypt, after which it will decide on the second market and the timing of the offering. There has been […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[1900,102,68,72,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555146","post","type-post","status-publish","format-standard","hentry","category-ipo-watch","tag-benya-capital","tag-capital-markets","tag-egx","tag-enterpriseam","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"554031bd-946a-4bc9-b8d6-d5ec9c852fab","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[555138],"teaser":"","voice_url":""},"yoast_head":"\nBenya Capital studies dual listing - 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\/2021\/11\/03\/benya-capital-studies-dual-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benya Capital studies dual listing\" \/>\n<meta property=\"og:description\" content=\"IT infrastructure contractor Benya Capital is considering a dual listing on the EGX and a foreign bourse, CEO Ahmed Mekky said, according to Hapi Journal. 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