Cairo – Mubasher: Fresh Electric Company for Home Appliances is looking to list a 20% stake on the Egyptian Exchange (EGX) in the coming period.

The Egypt-based firm also plans to raise production capacity of semi-automatic washing machines by 25%, in addition to raising output capacity of stoves and washing machines, an official in the company told local newspaper Alborsa.

He further noted that the company is producing 5 million fans, 1.5 million semi-automatic washing machines, and 1 million stoves per year. Fresh plans to increase sales to EGP 7 billion during the current year, the official said.

The Egyptian firm for home appliances is exporting 50% of its products to 52 countries, including 22 Arab nations.