El Attal Holding plans to offer 30-35% stake on EGX in early 2025

Updated 7/3/2024 8:03:00 AM
El Attal Holding plans to offer 30-35% stake on EGX in early 2025

Arab Finance: El Attal Holding is considering offering a stake ranging between 30% and 35% on the Egyptian Exchange (EGX) in early 2025, Chairman Ahmed El Attal said in an interview with Asharq Business.

The company is collaborating with financial advisors based in Greece and the UK to arrange the offering procedures, El Attal pointed out.

He expects the financial evaluation of the company to be finalized before the end of 2024.

Moreover, El Attal revealed that the firm will seal contracts for the development of 1,500 residential units in Riyadh, in partnership with the Saudi Ministry of Municipal and Rural Affairs and Housing.

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