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Thndr Claps » EGY Claps » IPO Watch 👀 » Watania Kuwaitia reportedly plans to go public on the EGX🌵

Watania Kuwaitia reportedly plans to go public on the EGX🌵

by Shams Abbas
December 21, 2022

The Clap
Looks like the Watania Kuwaitia is planning to go public in Q1-2023, at least according to Al Borsa Newspaper.

What
The company, which was founded in 2017 & focuses on agriculture & animal-related activities, recently bumped up its capital from 250 million Egyptian pounds to 300 million in preparation for the big debut.

So what
For now, the company is mainly focused on animal production, importing meat from Chad & distributing it through its subsidiary.

Now what
The company’s got ambitious plans to set up 1,500 outlets for distributing meat & food products within the next 5 years.

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