Arab Finance: The Egyptian Exchange (EGX) is set to list a major private-sector real estate company this month, Chairman Ahmed El-Sheikh told Asharq Business.
El-Sheikh also highlighted ongoing preparations for another real estate company’s offering unveiled by Chairman of Al-Ahly Sabbour Developments.
Al-Ahly Sabbour Developments plans to list 20% to 25% of its shares, with the selection of an advisor expected in early 2025.
El-Sheikh also confirmed preliminary agreements with seven companies to raise their capital above the 100 million-pound threshold, enhancing their eligibility for the main market.