Cairo – Mubasher: Abu Auf’s parent company, AUF, plans to float a stake on the Egyptian Exchange (EGX) in the second quarter of 2022. 

EFG Hermes has been appointed as an advisor for the offering, AUF said in a statement on Tuesday. 

in Egypt, the company currently operates 180 branches and more than 1,000 warehouses in 10 governorates.

The company has recently opened one of the largest coffee production facilities to meet local and export demand.