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.
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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