Head of the FRA Mohamed Omran expects Macro Group to list on the EGX by January 23rd, 2022, according to CNBC Arabia.
More Details🧐 A 45.8% stake in Macro Group is set to be offered on the EGX, in a transaction valued around EGP 3.5 billion.
Why is this Important🤔 Macro Group had postponed its IPO back in April of this year on the back of fears of the market’s capacity to absorb multiple offerings in a short period of time (Taaleem had just gone public). The company had even released its prospectus & announced its IPO price range.
Earlier in September of this year, the group announced its plans to resume the procedures of listing on the EGX by the end of 2021 or early 2022.
