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Etisalat Misr planning IPO

Etisalat Egypt has said it is considering listing its shares but has not decided on which bourse to do so or who will organise the initial public offering (IPO) for the firm, Reuters has reported. “Etisalat (Misr) is studying the best option for floating its shares on the bourse and the appropriate market for them, either on the Egyptian bourse or outside it,” said the Egyptian arm of Abu Dhabi-based mobile operator Etisalat. “It is expected that the study will end soon, especially after the positive indicators that the Egyptian bourse has witnessed lately.”