{"id":626467,"date":"2018-07-03T04:31:37","date_gmt":"2018-07-03T04:31:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/sico-plans-to-ipo-within-three-years\/"},"modified":"2018-07-03T04:31:37","modified_gmt":"2018-07-03T04:31:37","slug":"sico-plans-to-ipo-within-three-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/sico-plans-to-ipo-within-three-years\/","title":{"rendered":"SICO plans to IPO within three years"},"content":{"rendered":"

<\/a> IPO WATCH- Egyptian electronics manufacturer SICO is planning to list shares on the EGX within three years<\/strong>, CEO Mohamed Salem tells Reuters\u2019 Arabic service<\/a><\/u>, without providing any further details on the potential share sale. The company had denied reports back in February<\/a><\/u> that it was eyeing an IPO, but Salem tells the newswire that the step is \u201cnecessary.\u201d SICO also plans to capture a 17% market share, up from a current 2.7%, and double its capex and production output, he said. The company launched the first Egyptian-assembled tablet last week<\/a><\/u>, around four months after it began selling its locally assembled smartphone<\/a><\/u>, Nile X. SICO\u2019s expansion plans will also see the company exporting 60% of its output by focusing on Gulf and African markets. Nile X is currently sold in the UAE and will debut in Saudi Arabia, Kuwait, and Oman over the coming few months.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- Egyptian electronics manufacturer SICO is planning to list shares on the EGX within three years, CEO Mohamed Salem tells Reuters\u2019 Arabic service, without providing any further details on the potential share sale. The company had denied reports back in February that it was eyeing an IPO, but Salem tells the newswire that the […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626467","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fa04a44b-1f4c-4bb0-8d20-daf0245be549","order":"0","is_powered_by":true,"section_story_id":"b15a1efa-54f7-410b-9941-73bf397102c6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626457],"teaser":"","voice_url":""},"yoast_head":"\nSICO plans to IPO within three years - 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\/2018\/07\/03\/sico-plans-to-ipo-within-three-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SICO plans to IPO within three years\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Egyptian electronics manufacturer SICO is planning to list shares on the EGX within three years, CEO Mohamed Salem tells Reuters\u2019 Arabic service, without providing any further details on the potential share sale. 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SICO already exports 25% of its products to the Gulf, but aims to increase this to 50% next year and expand into European and African markets. \u201cWe\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632808,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/correction-sico-not-looking-to-ipo\/","url_meta":{"origin":626467,"position":1},"title":"Correction- SICO not looking to IPO","author":"enterpriseam admin","date":"20 February 2018","format":false,"excerpt":"CORRECTION- We had noted a story yesterday that device-maker SICO, which launched this week its low-cost, assembled-in-Egypt handset, is planning to list on the EGX. 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The company, which received approvals from the UAE\u2019s telecoms regulator on the first shipment of 1,000 devices last month, plans to \u201ccontinue expanding abroad and exporting to Arab\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628294,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/sico-launches-first-egyptian-made-tablet-to-raise-capex-to-egp-1-bn\/","url_meta":{"origin":626467,"position":3},"title":"SICO launches first Egyptian-made tablet, to raise CAPEX to EGP 1 bn","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"Egyptian electronics manufacturer SICO launched yesterday the first Egyptian-made tablet PC, the SICO Express 3, Ahram Gate reports. The company plans to bring its total investments to EGP 1 bn over the coming three years, up from a current EGP 422 mn, CEO Mohamed Salem said yesterday.","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629412,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/30\/pharos-helps-sico-land-financing-from-banque-misr-for-new-assiut-smartphone-plant\/","url_meta":{"origin":626467,"position":4},"title":"Pharos helps SICO land financing from Banque Misr for New Assiut smartphone plant","author":"enterpriseam admin","date":"30 May 2018","format":false,"excerpt":"Pharos helps SICO land financing from Banque Misr for New Assiut smartphone plant: Our friends at Pharos Holdings announced yesterday (pdf) that they successfully closed out their mandate to help Egyptian Silicon Industries Company (SICO) obtain a facility from Banque Misr to finance the Egyptian smartphone maker\u2019s new 4,500 sqm\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626969,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/16\/sico-to-invest-egp-200-mn-on-new-production-lines-at-its-assiut-factory\/","url_meta":{"origin":626467,"position":5},"title":"SICO to invest EGP 200 mn on new production lines at its Assiut factory","author":"enterpriseam admin","date":"16 July 2018","format":false,"excerpt":"Egyptian electronics manufacturer SICO plans to invest EGP 200 mn to add new production lines to its Assiut factory this year, CEO Mahmoud Salem said, Amwal Al Ghad reports. 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