By: Ahmed Allam

Cairo – Mubasher: EFG Hermes plans to list a multi-million dollar company on the London Stock Exchange (LSE) before the end of 2019, co-head of EFG Hermes’ Investment Banking Division (IBD) Mostafa Gad said.

The name of the major company planned to be listed wasn’t disclosed.

Earlier, EFG Hermes announced the completion of its advisory on the initial public offering (IPO) of Finablr, a global platform for payments and foreign exchange solutions, on the LSE.

The Cairo-based investment bank served as the joint bookrunner on the GBP 337 million transaction, along with “simultaneously serving as joint bookrunner on the [$748 million] IPO of Arabian Centres Company on Saudi Arabia’s Tadawul,” co-head of Investment Banking Division at EFG Hermes, Mohamed Fahmi, previously said in a statement.