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FRA Registers Three Companies Ahead of Listings

The FRA has agreed to register three companies in preparation for their listing on the EGX.

Macro Group Pharmaceuticals, which postponed its IPO back in April of this year, has been registered with the FRA ahead of its listing on the EGX.

Macro Group is valued at EGP 3.5 billion & is expected to have a free float of 45.8%.

Nahr El Kheir for Agricultural Investment & Development has also registered ahead of listing on the EGX, valued at EGP 500 million & an expected free float of 61%.

The FRA also registered Industrial & Engineering Enterprises’ (IEEC) registration, which is set to start trading today on the Nilex, & is valued at EGP 117 million with a free float of 62%.