Arab Finance: EFG Hermes, a subsidiary of EFG Holding, is set to launch six initial public offerings (IPOs) valued at $1.5 to $2 billion in Saudi Arabia within 2024, EFG Hermes’ Head of Investment Banking Sector Mostafa Gad told Asharq Business.

Gad noted that the Egyptian market has not seen any IPOs since last July, expecting it to witness one to two IPOs within the second half (H2) of the current year.

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