By: Mostafa Adel

Cairo - Mubasher: The chairman of Ayadi Company for Development and Investment, Osama Saleh, said that the stakes of the awaited public companies’ initial public offerings (IPOs) has been set between 15% and 30%.

Saleh added on the sidelines of the Capital Market and Economic Reform Financing Conference on Tuesday that four companies are targeted for IPOs in 2017, led by Banque du Caire, Enppi, and AMOC.

Former investment minister, Dalia Khorshid, said in December that the Egyptian government would commence listing state companies in the Egyptian Exchange (EGX) by the first quarter of 2017.