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Egypt's Stock Exchange targets IPOs of 3-4 private companies in 2020

Reuters , Tuesday 31 Dec 2019
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Egypt’s Stock Exchange targets to have initial public offerings of three to four private sector companies in 2020, its chairman Mohamed Farid said on Tuesday.

The last IPO of a private company was earlier this month by the Egyptian generic drug maker Rameda Pharmaceutical whose shares dropped by 4.7% at their first trading session.

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