{"id":650486,"date":"2017-03-26T03:56:06","date_gmt":"2017-03-26T03:56:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/rooya-to-start-construction-at-egp-300-mn-hadaba-project-to-ipo-in-1h17\/"},"modified":"2017-03-26T03:56:06","modified_gmt":"2017-03-26T03:56:06","slug":"rooya-to-start-construction-at-egp-300-mn-hadaba-project-to-ipo-in-1h17","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/rooya-to-start-construction-at-egp-300-mn-hadaba-project-to-ipo-in-1h17\/","title":{"rendered":"Rooya to start construction at EGP 300 mn Hadaba project, to IPO in 1H17"},"content":{"rendered":"

Rooya Real Estate Development is set to IPO in1H17<\/strong>, possibly listing around 30% of its shares, chairman Hisham Shoukri told Al Mal<\/a>. The company tapped Grant Thornton as financial advisor to prepare the fair value report, while Baker McKenzie is the legal advisor. Pioneers Holding, which holds 60% of Rooya\u2019s shares, said in March last year<\/a> it expects to raise EGP 2 bn in the offering. Rooya will begin construction of its 140,000-sqm Hadaba project in 6 of October with EGP 300 mn initial investments within days, Shoukri adds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rooya Real Estate Development is set to IPO in1H17, possibly listing around 30% of its shares, chairman Hisham Shoukri told Al Mal. The company tapped Grant Thornton as financial advisor to prepare the fair value report, while Baker McKenzie is the legal advisor. Pioneers Holding, which holds 60% of Rooya\u2019s shares, said in March last […]<\/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-650486","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f279ddd6-ecf6-4547-ae51-e459ebf43ab6","order":"0","is_powered_by":true,"section_story_id":"cca511ba-e9b6-4907-a277-50a18b745c69","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650468],"teaser":"","voice_url":""},"yoast_head":"\nRooya to start construction at EGP 300 mn Hadaba project, to IPO in 1H17 - 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\/2017\/03\/26\/rooya-to-start-construction-at-egp-300-mn-hadaba-project-to-ipo-in-1h17\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rooya to start construction at EGP 300 mn Hadaba project, to IPO in 1H17\" \/>\n<meta property=\"og:description\" content=\"Rooya Real Estate Development is set to IPO in1H17, possibly listing around 30% of its shares, chairman Hisham Shoukri told Al Mal. 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Last we heard of this IPO was back in July, when reports emerged that Rooya had filed to list. It had\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":628519,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/rooya-holdings-is-still-working-on-completing-regulatory-requirements-ahead-of-planned-ipo\/","url_meta":{"origin":650486,"position":1},"title":"Rooya Holdings is still working on completing regulatory requirements ahead of planned IPO","author":"enterpriseam admin","date":"7 May 2018","format":false,"excerpt":"IPO WATCH- Rooya Holding Investments is working on completing the regulatory requirements to move ahead with its planned IPO on the EGX, parent company Pioneers Holding said in a statement to the EGX yesterday (pdf). Reports had emerged last July that Rooya had filed to list 30% of its shares\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":645811,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/rooya-reportedly-files-for-listing\/","url_meta":{"origin":650486,"position":2},"title":"Rooya reportedly files for listing","author":"enterpriseam admin","date":"31 July 2017","format":false,"excerpt":"IPO WATCH: Rooya Real Estate Investment Company reportedly filed yesterday to list its shares on the EGX, according to Al Borsa. As we noted yesterday, the firm has tapped Helmy and AAIB as advisor, though it is not yet clear if a lead manager of the listing has been chosen.","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":645400,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/pioneers-holding-to-list-30-its-shares-in-rooya-real-estate-on-egx\/","url_meta":{"origin":650486,"position":3},"title":"Pioneers Holding to list 30% its shares in Rooya Real Estate on EGX","author":"enterpriseam admin","date":"19 July 2017","format":false,"excerpt":"IPO WATCH- Pioneers Holding is set to list 30% of its shares in Rooya Real Estate Investment Company on the EGX in 2H17, board member Khaled El Tayeb tells Reuters. Arab African International Bank was selected to advise on the listing and a local and an international issuance manager will\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":645522,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/rooya-in-talks-with-investment-banks-to-find-issuance-manager-for-october-ipo\/","url_meta":{"origin":650486,"position":4},"title":"Rooya in talks with investment banks to find issuance manager for October IPO","author":"enterpriseam admin","date":"24 July 2017","format":false,"excerpt":"IPO WATCH- Rooya Real Estate Investment Company is actively looking for an investment bank to lead its upcoming initial public offering, CEO Hisham Shoukry said on Sunday, according to Al Shorouk. Pioneers Holding, which currently owns 60% of Rooya, is looking to list half of its shares in the company\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":645753,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/rooya-taps-baker-mckenzie-subsidiary-as-legal-adviser-on-ipo\/","url_meta":{"origin":650486,"position":5},"title":"Rooya taps Baker McKenzie subsidiary as legal adviser on IPO","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"IPO WATCH- Rooya Real Estate Investment Company appears to have tapped Baker McKenzie\u2019s local partner, Helmy, Hamza & Partners, as legal adviser on the its IPO of 30% of its shares, sources tell Al Borsa. 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