Saudi digital marketing & tech company Brmaja is holding serious talks with the FRA & other officials to begin the process of offering a 20% stake on the EGX by March 2022, according to company investment manager Ahmed Said.
More on Brmaja🧐 Headquartered in New Cairo, Brmaja owns two subsidiaries currently operating in Egypt. Brmaja IT, which operates educational, health, e-commerce platforms, & Brmaja Innovation, which provides digital systems to the banking & telecommunications sectors, & the Postal Authority.
Why is this important🤔 Brmaja wants to make Egypt its central hub. By offering a 20% stake on the EGX, Brmaja expects to raise more than EGP 400 million pounds. With the IPO funds, Brmaja plans to make several acquisitions across Africa, Dubai, & Saudi Arabia.