Elite Consultancy House is seeking to launch initial public offering (IPO) for four companies in the Nile Stock Exchange (NILEX) in 2022, the company’s Vice President Tamer Hussein told Al Mal News.

Macro Group Pharmaceuticals (Macro Capital) S.A.E. (“Macro Group”, “Macro”, the “Company" or the “Issuer”), one of the largest and fastest growing cosmeceutical companies in Egypt, announces that the Company’s ordinary shares (the “Shares”) will begin trading today on the Egyptian Exchange (the “EGX”) under the symbol MCRO.CA at 10:00am CLT, at EGP 4.85 per Share (the “Offer Price”).

An opinion poll conducted by Daily News Egypt on the expected initial public offerings (IPOs) during 2022, revealed that three government IPOs and another three private ones are expected this year. 

The Investment Banking division of EFG Hermes Holding (HRHO) announced the completion of advisory on Macro Group Pharmaceutical’s (Macro Capital) (MCRO) EGP 1.3 billion initial public offering (IPO) on the Egyptian Exchange (EGX), according to an emailed press release on February 10th.