Arab Developers Holding (ARAB) announced it has appointed Solid Capital for Financial Advisory (SCFA) as its independent financial adviser to value a subsidiary, according to an IPO filing Aug. 21.
The valuation paves the way for a possible offering of a stake in the subsidiary in an initial public offering (IPO) on the Egyptian Exchange (EGX) main market.
Established in 2015, Arab Developers is a leading real estate developer in Egypt with a diversified business portfolio.
Copyright © 2022 Arab Finance Brokerage Company All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Comments are closed.