ArabFinance: Elite Consultancy House is seeking to launch initial public offering (IPO) for four companies in the Nile Stock Exchange (NILEX) in 2022, the company’s Vice President Tamer Hussein told Al Mal News.

Elite is restructuring the four companies to launch the IPOs in the next six months, Hussein added.

The top official revealed that the four companies are valued at around EGP 30 million, noting that their capital will be increased in the coming period.

Founded in 2018, Elite Consultancy House operates in the fields of healthcare, food and beverages, and contracting.