Amwal Alkhaleej plans to list chemicals firm

IPOPrivate equity firm Amwal Alkhaleej plans an initial public offering (IPO) of Egyptian Propylene and Polypropylene in the first quarter of next year. Amwal Alkhaleej, which owns 15% of the Egyptian firm, confirmed its plans to Amwal Al Ghad, an Egyptian newspaper. EFG Hermes, an investment bank, will act as lead manager for the listing on the Egyptian stock exchange, according to the report. Karim Saada, regional director of Amwal Alkhaleej, told the newspaper the money raised in the offering would be used to roughly double the capacity of a petrochemicals plant. Investors anticipate a number of IPOs in Egypt as the government divests state-owned assets. ©2017 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.


Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.