Arab Developers hires advisor to evaluate subsidiary for potential IPO

The evaluation paves the way for a potential offering of a stake in the subsidiary in an IPO on the EGX main market

Staff Writer, Arab Finance

August 22, 2022

PHOTO

Arab Developers Holding (ARAB) announced that it appointed Solid Capital for Financial Advisory (SCFA) as an independent financial advisor to evaluate a subsidiary, according to a bourse filing on August 21st.

The evaluation paves the way for a potential offering of a stake in the subsidiary in an initial public offering (IPO) on the Egyptian Exchange’s (EGX) main market.

Established in 2015, Arab Developers is a leading real estate developer in Egypt that has a diversified business portfolio.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO