Shaimaa Hefzy

The Egyptian Exchange announced in a statement on Monday the start of the initial public offering process for an 11% stake in Qura Energy Projects and Investment Company, confirming what Zawya Arabic had previously published.

Qura was founded in 1997 and operates in providing energy efficiency solutions and contracting services. Its issued capital is £450 million ($8.4 million).

This will be the second initial public offering (IPO) on the Egyptian Stock Exchange this year, after the market welcomed Gourmet Food shares last February, amid expectations of a revival in offerings supported by accelerating the pace of government offerings.

What are the details?

According to the statement, the private subscription process, allocated to 60% of the total offering shares amounting to 247.5 million shares, will begin on Monday, May 18, 2026, and will continue until May 24, 2026.

The share price in the offering was set at 2.97 Egyptian pounds per share, according to the statement, meaning that the total expected offering value is 735.1 million Egyptian pounds.

As for the public subscription, for which 99 million shares were allocated, representing 40% of the total shares offered, it is scheduled to take place during the period of May 19-25, 2026, according to the statement.

(Prepared by: Shaimaa Hefzy, Edited by: Omnia Assem, Contact: zawya.arabic@lseg.com )

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