The Clap
The Ministry of Transportation’s investment arm “MOT Investment”, & “Egypt for Biological Sciences” are reportedly in line to go public.
MOT Investment
MOT is close to listing its shares on the EGX’s database ahead of an IPO, & has healthier financials than other Ministry of Transportation companies also looking to go public.
Egypt for Biological Sciences
The company, which provides research & manages three blood banks, received the FRA’s approval to list 25% of its shares on Tamayuz, Egypt’s stock exchange for small & medium enterprises.
So what
The EGX could be seeing an influx of IPOs in the first half of 2023, something that would add to its market cap & potentially attract more investors.