EGX Chairman Rami El-Dokany touched on important points regarding IPOs & revitalizing the stock exchange.
He mentioned that the timing is right for Banque du Caire & the Port Said & Damietta container handling companies to list their shares, with the two container companies being the most imminent.
El-Dokany stated that a minimum of 25% of the two container trading companies will be offered, with at least 10% available for free circulation & the rest for private placement.
El-Dokany also mentioned that they are in communication with the Postal Authority, which has a significant investment portfolio in the stock exchange, & is encouraging it to increase liquidity in the coming period.
Leave a Reply