- September 7, 2016
- Posted by:
- Category: Company News, Private Equity
(AL MAL) FEP Capital is moving towards acquiring a large share in offerings market of Nilex in the coming period through creating a new department tasked with communicating with small and medium businesses with regard to their listing.
FEP plans to list 11 businesses a year.
Meanwhile, the company has completed creating a research unit for Nilex and listed firms since it intends to issue monthly reports on each listed business.
FEP Capital will direct some of its financial portfolios to invest in Nilex. Also, it will manage some other financial portfolios.
This came at a meeting held by managing director of FEP Capital-Egypt Omar El-Maghawry with a number of journalists to reveal his company’s outlook for Nilex.
El-Maghawry said that Nilex has yet to take the central place that is its due given high number of small and medium enterprises, accounting for 80% of firms operating in the local market.
The number of listed firms on Nilex does not reflect the position of SMEs in Egypt, he added, noting that there are 31 listed businesses, of which 27 being traded in Nilex.