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

Reuters , Tuesday 31 Dec 2019

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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