IPO WATCH- The Egyptian Propylene and Polypropylene Company (EPPC) has reportedly appointed EFG Hermes and Citibank to help it secure USD 800 mn in funding for its petrochemicals plant in Port Said, Egypt Country Head at Amwal AlKhaleej Karim Saada told Al Mal. Amwal AlKhaleej owns about 16.4% of EPPC’s shares. The details of the expansion were announced last week. Saada says 65% of the required funding will be raised internally and through loans, with the remainder coming from listing on the EGX. He says an IPO is expected by April. EPPC will add new production lines that would increase output to 600k tons. Saada says CIB, Banque Misr, and Banque du Caire are preparing a bridging loan to fund the project. Law firms Matouk Bassiouny and Baker & McKenzie would be advising on the potential USD 250-300 mn listing, he adds. Saada has been floating the planned investment since last year.