Capital Med, the medical city project in Badr City, is preparing to list a stake on the Egyptian Exchange (EGX) before the end of the third quarter (Q3) of 2025, aiming to raise as much as EGP 2 billion, unnamed sources told Al Borsa News.
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Proceeds from the planned listing will be used to help finance the second phase of the medical complex, which is expected to cost between EGP 3 billion and EGP 5 billion.
Al Ahly Pharos has been tapped to manage and promote the offering.
The company announced in February that it would debut on the EGX through a direct listing in the first half (H1) of 2025, followed by a capital increase to support construction of the new phase of the project.
