Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to a see a major EGP 4 billion ($220 million) initial public offering (IPO) of the shares of a real estate company, the executive chairman of the Financial Regulatory Authority (FRA) Mohammed Omran said.

Omran did neither disclose the name of the company nor mention more details about it, according to the Middle East News Agency (MENA).

The EGX will witness a group of other listings, which were postponed due to conditions faced markets in the last quarter of 2018, Omran revealed.