Cairo – Mubasher: The Egyptian Exchange (EGX) has witnessed four initial public offering (IPOs) in the first 10 months of 2018 at a combined value of EGP 5.2 billion, compared to EGP 3.9 billion in the year-ago period.

These IPOs are CI Capital, B Investment Holdings, Cairo investment and Real Estate Development, and Sarwa Capital, chairman of the EGX Mohamed Farid said in a statement on Monday.

The EGX will support any company interested in increasing investments through going public, the Egyptian bourse's chairman said.

This came on the sidelines of commencing trading on Sarwa Capital’s stock on Monday.

Arab and foreign investors have made up 52.3% of the total offering, Farid said.  

It is worth noting that trading on Sarwa Capital’s stocks on the EGX has started on Monday, 15 October.

Trading on the stock will be subject to the rules of the stock market starting the second trading session.

The EGX previously said Sarwa Capital’s IPO was oversubscribed 30.1 times.