Cairo – Mubasher: The Egypt-based Unionaire Group is planning to be listed on the Egyptian Exchange (EGX) this year to pave the way for floating a stake on the local stock market in the second half of 2018.

The electronics manufacturing firm has selected CI Capital to manage its potential initial public offering (IPO), sources familiar with the matter told Almal News.

The Egyptian manufacturer also picked up the independent law firm Matouk Bassiouny as the IPO’s legal advisor, the sources added. 

The firm is still studying the suitable alternatives to implement the IPO through shareholders’ partial exit or boosting capital or both, sources noted.

Unionaire Group is seeking to become an integrated commercial entity in the Middle East and Africa amid anticipated expansion for selling electronics in the region.