Cairo – Mubasher: Prime is expected to finalise the initial public offering (IPO) and private placement of GHazl El-Mahalla Club within two weeks, Minister of Public Business Sector Hisham TawfiK announced on Sunday.

The public business sector ministry targets EGP 135 million from the offered stake, the minister noted during the 7th CEOs Thoughts Conference.

Earlier this year, TawfiK said the ministry eyes EGP 100 million from the first phase of the IPO.