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One of Egypt's top dairy makers, Arabian Food Industries Company (Domty), plans an initial public offering (IPO) on the Cairo bourse this year, or early in 2016, its vice chief executive said.

Mohamed El Damaty said the dairy and juice company had been encouraged by Egyptian foodmaker Edita's listing of 30 percent of its shares in April, which was heavily oversubscribed.

He did not say what size Domty's IPO would be. The company has paid-in capital of 50 million Egyptian pounds ($6.6 million).

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