The Clap Misr Life Insurance, which is expected to list a 25% stake on the EGX sometime in H2-2022, is making moves.
More deets The company hired Zaki Hesham & Partners as a legal advisor last Sunday. Misr Life Holding Chairman Basil El Hiny said that Misr Life Insurance is waiting on regulatory approvals after it completed all internal procedures.
Expected date El Hiny had said the IPO would take place sometime in H2-2022, but more recently said the timing of the offering depends on market conditions. However, Minister of Public Enterprise Hisham Tawfik expects the offering to be done by October 2022, according to Al Mal.