Egypt: Arabian Solid to raise US$100m through IPO
Arabian Cement aims to raise US$100m of listing on the Egyptian stock market, guidelines an official from top MENA obtain bank EFG Hermes iPhone 6 case. The bare concrete company has previously stated that running without shoes has set an indicative tell price between EGP8. 45 (US$1. 20) and EGP9. 55 (US$1. 36). Trading is expected to start on 21 May.
Karim Awad, chief executive officer at EFG Hermes iPhone 6 wallet case, replied he was optimistic about the prospects for an listing of other state-owned enterprises to the Egyptian Stock Exchange. "If certain state-owned companies were to become public, are going to a huge catalyst for the market; stylish to increase its capital or to monetise on the shares, " he replied.
A recent wave of IPOs has got generated a debate on for sure if state-owned companies should be encouraged returning to privatise. While some believe privatisation can cause development, others argue that guarantees have to be provided to protect workers.
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