With recent developments of the Omicron variant, Abu Qir Fertilizers (ABUK) is promoting the listing of an additional stake on the EGX to foreign investors online.
More details🧐 Investment banks CI Capital (CICH) & Renaissance Capital are managing the offering, & they plan to promote it in a number of Gulf countries including UAE, Saudi Arabia & Kuwait, as well as Europe, England & the U.S. The expected stake ranges between 10-15%.
Why is this important🤔 It is noteworthy that the difficulty of travel is one of the main obstacles that companies in the government’s state-privatization program face. But the success of promoting E-Finance’s IPO online, also managed by CI Capital & Renaissance Capital, encouraged Abu Qir to follow suit.