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Tuesday, 24 August 2021

Mubasher Capital wants to IPO by 2025

Mubasher Capital Holding has ambitions to debut on the Egyptian Exchange in the next 3-5 years, Chairman Ehab Rashad told Enterprise this morning, confirming statements reported by Al Borsa (pdf).

But the details remain sketchy: Mubasher has not yet identified potential advisors for the listing, he said. Rashad provided no further details about the size or timing of the potential offering.

Mubasher to take over management of EGP 21 mn fund by mid-September: Mubasher Capital will take over the management of an Egyptian company that owns an equity and bond fund with almost EGP 21 mn in AUM in the first half of September, Rashad said, declining to provide the name of the company. It will gain full ownership of the company once the Financial Regulatory Authority gives a final approval, he added. Mubasher also plans to set up 10 investment funds in Egypt by the middle of the decade, launching one every quarter between 2022 and 2025.

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