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EGX 30 14,766.42 -1.36%



Egypt's bourse chairman says he expects IPO of private company this year

Egypt's bourse chairman says he expects IPO of private company this year

Cairo:  Shares in a private company are expected to be offered on the Egyptian stock exchange before the year’s end, the bourse chairman said at a news conference on Monday.

Mohamed Farid did not give any additional details.

The last IPO of a private company was digital payments company Fawry, whose shares jumped more than 35% at their first trading session. Source: Reuters

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