{"id":649411,"date":"2024-10-09T00:00:00","date_gmt":"2024-10-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/09\/smart-villages-to-make-its-egx-debut-in-an-ipo-next-year\/"},"modified":"2024-10-09T00:00:00","modified_gmt":"2024-10-09T00:00:00","slug":"smart-villages-to-make-its-egx-debut-in-an-ipo-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/09\/smart-villages-to-make-its-egx-debut-in-an-ipo-next-year\/","title":{"rendered":"Smart Villages to make its EGX debut in an IPO next year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Smart Villages Development and Management Company (SVC) is planning to <\/strong><strong>list <\/strong><strong>30-35% of its shares on the EGX in an IPO earmarked for 1H 2025<\/strong>, according to two separate disclosures by shareholders Naeem Holding and its real estate investment vehicle Reacap Investments (<a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/607.pdf\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/608.pdf\" style=\"\" rel=\"noopener\">here<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company aims to raise around EGP 2 bn from the IPO<\/strong>, with proceeds earmarked for the development of a new Smart Village in east Cairo and funding ongoing expansions in west Cairo, unnamed sources with knowledge of the matter told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/financial-markets\/56104\/%D8%A7%D9%84%D9%82%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%B0%D9%83%D9%8A%D8%A9-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%AC%D9%85%D8%B9-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D9%8A-%D8%AC%D9%86%D9%8A%D9%87-%D9%85%D9%86-%D8%B7%D8%B1%D8%AD-%D8%A3%D8%B3%D9%87%D9%85%D9%87%D8%A7-%D8%A8%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%85%D8%B5%D8%B1\/?utm_source=facebook&utm_medium=social&utm_campaign=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B4%D8%B1%D9%82---%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The offering will also be done through a capital increase, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fine print: <\/strong>The offering going through will depend on SVC receiving the necessary regulatory approvals and market conditions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who owns what:<\/strong> Naeem Holding controls a 32.1% stake in Smart Villages through its related parties, with 14.9% held directly through Reacap Financial Investments. The remaining shares are divided among the CIT Ministry, Banque Misr, and other institutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Smart Villages?<\/strong> Founded in 2001 under a public-private partnership, the company specializes in developing and managing branded technology clusters and business parks, according to its <a target=\"_blank\" href=\"https:\/\/www.smart-villages.com\/about-smart-village\/\" style=\"\" rel=\"noopener\">website<\/a>. SVC has 700k sqm of office space under its wings spread between 86 buildings and 180 business partners \u2014 it is best known for its landmark Smart Village project in Giza.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Smart Villages plans to offer a 30-35% stake in an IPO on the EGX in 1H 2025<\/p>\n","protected":false},"author":1,"featured_media":649412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[68,72,78,1260,3183],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-egx","tag-enterpriseam","tag-ipo-watch","tag-mena-ipos","tag-naeem-holding","wpautop","entry"],"acf":{"mongo_id":"14219dce-59cd-4abf-83e6-357873712d5b","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/660.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Smart Villages to make its EGX debut in an IPO next year","related_issue":[649403],"teaser":"Smart Villages plans to offer a 30-35% stake in an IPO on the EGX in 1H 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.5f5d1472-d787-4a9a-8413-54f32a0b9667.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Smart Villages to make its EGX debut in an IPO next year - 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\/2024\/10\/09\/smart-villages-to-make-its-egx-debut-in-an-ipo-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smart Villages to make its EGX debut in an 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Village Development and Management Company is planning to offer a 30-35% stake in an IPO on the EGX in 1H 2025, according to two separate disclosures by Naeem Holding and its real\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/611.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617525,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/24\/act-financial-eyes-ipo-in-2q-2024\/","url_meta":{"origin":649411,"position":1},"title":"Act Financial eyes IPO in 2Q 2024","author":"enterpriseam admin","date":"24 March 2024","format":false,"excerpt":"The company could tap a consultant for its long-awaited IPO within days","rel":"","context":"In 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