Al-Babtain extends agreement with Premier to study IPO of Egyptian sub

05/09/2019 Argaam

 

Al-Babtain Power & Telecommunication Co. has extended the agreement with Cairo-based brokerage firm Premier Holding Co. for one year starting from September 5, 2019, the company said in a bourse statement.

 

The agreement was renewed with the same terms and conditions to assess and valuate the initial public offering (IPO) of subsidiary AB P&T Egypt on the Egyptian Exchange.

 

In August 2018, the Saudi-listed firm signed an agreement with premier to help launch the initial public offering (IPO) of subsidiary AB P&T Egypt on the Egyptian Exchange, Argaam reported.

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