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Tuesday, 4 February 2020

Abu Qir could join Morgan Stanley EM Index post-stake sale -Naeem

Abu Qir could make it onto Morgan Stanley’s EM index after it completes its planned secondary stake sale, according to Naeem Brokerage’s research unit, Al Mal reports. The fertilizer company is expected to offer a 20-30% stake on the EGX during 4Q2019-2020, with CI Capital on board to quarterback the transaction. Abu Qir would join several Egyptian companies already included in the investment bank’s index including CIB, Elsewedy Electric, and Eastern Company.

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