in Business & Finance

Nile Air looks to go public on Egyptian Stock Exchange in 2017

Posted 5 September 2016 · Add Comment

Nile Air's chief executive officer Ahmed Aly said the Egyptian airline is looking to go public on the Egyptian Stock Exchange at some point in 2017, reports ch-aviation.

In an interview with Mubasher TV, Aly said preliminary studies for the offering would be completed in October. The carrier is currently working with several unspecified underwriters to finalize a possible date, he added.

Earlier this year, managing director Yousry Abdel Wahab said the IPO could see as much as 30% of the carrier's total stock being offered to Egyptian investors with owner and founder, Dr. Nasser Al Tayyar, retaining a 40% stake.

* required field

Post a comment

Other Stories
Latest News

Riyadh is named as the headquarter for the Regional Safety Oversight Organisation for MENA

The General Authority of Civil Aviation (GACA) has announced the selection of the city of Riyadh as the headquarter for the Regional Safety Oversight Organisation for the Middle East and North Africa (RSOO – MENA).

Ethiopian maps the route to 2025

Ethiopian MRO Services is building its capabilities to meet growing demand for MRO services and to expand its third-party business operations in Africa. Kaleyesus Bekele reports from Addis Ababa.

Aviation drives economic prosperity for Mauritius

The International Air Transport Association (IATA) called on the government of Mauritius to continue to focus on aviation as a strategic enabler of the country’s economic and social development.

Boeing names interim communications leader

The Boeing Company has announced that Phil Musser, senior vice president of Communications, will depart the company in early November due to personal and family considerations. Anne Toulouse, current Boeing vice president of Global

SAA resumes flights from Johannesburg to Hong Kong

South African Airways (SAA) has resumed flights between Johannesburg and Hong Kong following Typhoon Mangkhut.

Partnerships progress in Senegal and New Jersey

Two rounds of the African partnership flight (APF) programme were conducted in March and April 2018. Jon Lake reports on progress.

TAA SK1009311218
See us at
AirCargoAFA_BT220318210219AviationAfrica_BT0607280219MarrakechAirshow BT2507241018AAD2018 BT