Etisalat Misr delays listing on Egypt bourse - paper


Etisalat Misr had planned, prior to the uprising, to list 15-25 percent of its shares on the Egyptian exchange, al-Mal quoted chief executive Saleh al-Abdouli as saying.”The significant impact (of the uprising) on the capital markets reduces the feasibility of the share listing, especially in light of the reduced liquidity circulating in the market,” Abdouli told al-Mal.Etisalat Misr had approached eight Egyptian and regional investment banks to provide financial and legal advisory services, including EFG-Hermes , HSBC and Citibank before the uprising.Abdouli said Etisalat Misr was still looking to set the right time for the launch.

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