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FEB Capital to list 3 new firms on NILEX

FEB Capital to list 3 new firms on NILEX
he managing director Omar Al Maghawri

By Ahmed Allam

Cairo – Mubasher: First Equity Partners Capital-Egypt (FEP Capital) plans to register three new companies on the Nile Stock Exchange (NILEX), said the managing director Omar Al Maghawri on Monday.

“We have already requested to register the Pharmacists Union Company in Minya. We also plan to issue the shares of Suez Canal Trade and Agriculture Development Company by the fourth quarter of 2016 and Nahr El-Kheir for Agricultural Development and Investment by the first quarter of 2017”, the managing director added.

Moreover, further negations are underway to sign sponsorship contracts with other three companies working in the field of food industry, health, and education, Al Maghawri clarified, declining to reveal the identity of these companies at the current stage.

EPI Capital presently manages assets worth $1.3 billion and expects to raise the aggregate value to $100 million, according to the managing director.