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 a lot of IPO talk after e-Finance’s successful debut on the EGX last month: The state-owned fintech firm raised some EGP 5.8 bn 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, while Ghazl El Mahalla announced its intention to become the first listed sports club in Egypt with a share sale in November.

But so far, we’ve heard zip from the private sector players most likely list: The parent company of health foods brand Abu Auf said earlier this fall it will list in the first half of 2022, with EFG Hermes in the driver’s seat. Macro Pharma 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 has also said it plans to go public.

Benya is a digital solutions and IT infrastructure provider focused on Egypt and the Middle East and Africa region. The company owns Fiber Misr Systems, Fiber Misr Engineering, Benya Cables and Benya Raqmeya.