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BPE Partners eyes capital hike IPO

BPE Partners eyes capital hike IPO
The company plans a capital increase to fund upcoming projects

Cairo - Mubasher: The CEO of BPE Partners said that his company is planning to increase its capital through an initial public offering (IPO) in the Egyptian Exchange (EGX) in October, according to a statement by the Ministry of Investment.

Abdel Monem Omran added at an event on Tuesday that the company was listed on the EGX in July 2016, noting that the capital hike will help in funding future projects.

He also noted that his company has a stake in Madinet Nasr for Housing and Development (MNHD), a public sector company that he believes has become competitive in the Egyptian market.