News

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: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

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.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.