First published: 18-May-2026 00:06:53

Safia Munir

The subscription period for the anticipated initial public offering (IPO) of the Egyptian private company Qura Energy for Energy Projects and Investment, "Qura Energy," will begin on Monday on the Egyptian Stock Exchange, according to Ayman Qura, CEO of the company, speaking to Zawya Arabic on Sunday evening.

The company aims to launch an initial public offering (IPO) of 11% of its shares on the Egyptian Stock Exchange, amounting to 247.5 million shares, divided into 60% of the total offering shares for private subscription, i.e. 148.5 million shares, and 40% for public subscription, i.e. 99 million shares.

"We will start the private placement tomorrow... it will end next Sunday," Qara said. Adding in response to a question from Zawya Arabic regarding the share price in the offering, "The price is 2.97 (pounds) per share."

This means that the value of the company’s initial public offering is expected to reach £735.1 million ($13.9 million).

According to the CEO, the IPO will begin on Tuesday and will last for five days.

Qura was founded in 1997 and its issued capital is £450 million.

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

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