Thndr Claps » EGY Claps » IPO Watch 👀 » Qalaa Holdings Subsidiary Plan to List on the EGX in 2023⚡
Qalaa Holdings (CCAP) subsidiary “Taqa Arabia” plans to list on the EGX in 2023.
More on Taqa Arabia⚡ Taqa Arabia is an Egyptian energy distribution company that invests, installs, & operates energy infrastructures including gas, power, water, & petroleum.
More Details🧐 Qalaa Holdings CEO Ahmed Heikal had previously revealed plans to offer a 30% stake in Taqa Arabia on the EGX in April of 2020.
While Taqa Arabia’s CEO Pakinam Kafafi said the offering has since been postponed due to the rise of the pandemic.
Kafafi added that Taqa Arabia had hired EFG Hermes (HRHO) & HSBC as financial consultants for the offering, & that nothing has changed in that regard.
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