Domty

Egypt’s Domty plans IPO within two years

: Wednesday, April 30 - 2014 @ 10:37

Omar el-Damaty, chairman of Egyptian dairy firm, Arabian Food Industries Co (Domty) has unveiled plans to float 30% of the company in an initial public offering within two years, Reuters has reported. The firm, which has a market share of 32%, produces 80,000 tonnes of cheese a year and exports to Jordan, Lebanon, and Libya. Domty started a line of juices three months ago, which will help increase sales to EGP1bn ($142.86m) this year from EGP850m in 2013, Damaty said.

Today's Top Stories

Posted by

Wednesday, April 30- 2014 @ 10:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically






JobsVIEW ALL

Search for jobs

Latest Jobs