NI Capital to Announce Winner of Enppi’s IPO

NI Capital to Announce Winner of Enppi’s IPO

Egyptian financial adviser NI Capital will announce the banking winner for the state-owned Enppi’s planned initial public share offering (IPO) in early June.

A senior source with knowledge told Amwal Al Ghad, “NI Capital is likely to announce the investment bank that wins a mandate on Enppi’s listing of 24% of shares on the country’s bourse by early next June.”

The investment banks seeking to win a role in Enppi’s IPO include Beltone Financial Holding and Prime Holding. The IPO should be complete between 6-9 months.

Egyptian presidency announced in early January 2016 that Egypt would offer shares of “successful” state-owned companies and banks on the local bourse, its first public offering of government, owned firms since 2005, when it offered shares in Telecom Egypt, AMOC, and Sidi Kerir.

Sarah Samir 3289 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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