08 Oct 2010
(MENAFN) Egypt’s fast food group Mo’men plans to sell 40 percent of its shares in an initial public offering (IPO) in late 2012, its chairman said, a rare potential offering on a bourse that has had just one IPO in two years, Reuters reported.
Mohammad Mo’men said in an interview he expected the company to increase its revenue to about $176 million in 2011 from a targeted $132 million this year, as well as planning to buy two small companies.
The global financial crisis halted IPOs in Egypt after oil services company Maridive and real estate firm Palm Hills Developments sold shares in mid-2008.
Mo’men, owned by the Mo’men family, has brands such as Pizza King and Planet Africa. It operates in Sudan, Bahrain and Libya as well as Egypt and is seeking to expand into more markets in the Middle East.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more