Abu Auf’s mother company, AUF, announced its intention to offer as much as 49% of its shares on the EGX in Q2-2022, & have hired EFG Hermes as an advisor on the IPO.
More on Abu Auf☕: Abu Auf has 180 branches distributed over several governorates in Egypt, and over 1,000 warehouses. The company recently inaugurated its latest coffee production plant in the Tenth of Ramadan City, to meet the needs of the local market and open up areas to increase exports to foreign markets.
Why is this important🤔: The new factory was at the top of the company’s goals and expansion plans, to increase its share of the local coffee market, and increase exports by opening up new markets for Egyptian products abroad. The company has already succeeded in exporting its products to a large number of European countries such as England and Belgium, in addition to the United States of America, the Arab Gulf states, Kuwait and the Emirates, as well as Libya and Palestine.
