Coronavirus postpones IPOs of Banque du Caire, TAQA Arabia – ZAWYA

Coronavirus postpones IPOs of Banque du Caire, TAQA Arabia – ZAWYA

Coronavirus postpones IPOs of Banque du Caire, TAQA Arabia. Investment bank EFG Hermes is managing Banque du Caire offering and co-managing TAQA Arabia IPO along with HSBC. The two offerings were the closest to implementation in the current period as part of the government's initial public offering (IPO) programme.. Beltone Financial CEO Maged Shawky said his company is managing several IPOs in the public and private sectors that were intended to be offered soon, but the bank has delayed all offerings to the second half of 2020 depending on the market conditions at the time..