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Sunday, 17 September 2017

Al Tawfeek Leasing Co. to list 15% of its shares on the EGX

IPO WATCH- Al Tawfeek Leasing Co. is planning to list 15% of its shares on the EGX before the year is out, CEO Tarek Fahmy said, Al Masry Al Youm reports. The company is still conducting a fair value assessment and will list its shares once it receives the necessary approvals, Fahmy said. Al Tawfeek is also looking to offer EGP 500 mn in funding for companies in the pharma, education, automotive, and real estate sectors.

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