The Smart Village Development and Management Company “Smart Village” plans to offer a stake ranging from 30% to 35% of its shares on the Egyptian Stock Exchange, during the first half of 2025, to raise about two billion pounds by increasing the company’s capital, according to people familiar with the financial market who spoke to Al-Sharq, on the condition that it does not… Publish their names.
The Egyptian Naeem Holding Company owns a 32.1% stake directly and indirectly in the “Smart Village,” while Youssef Al-Far, CEO of the “Naeem Company,” owns 10% of the “Smart Village” shares, and the rest of the shares are distributed between the Egyptian Ministry of Communications and the Banque Misr. Raya Holding, and other companies and financial portfolios.
An informed person told Al-Sharq that the offering “will be through increasing the company’s capital, with the aim of participating in financing a new smart village in East Cairo, and financing the current expansions in West Cairo.”
The Smart Villages Development and Management Company “Smart Village” was established in November 2001, in accordance with the investment law based on partnership between the public and private sectors, with the aim of developing and managing a series of trademarks of business parks and technological incubators, as well as providing the products and services necessary for the development of these parks.
The last listing of a company on the main market of the Egyptian Stock Exchange was “ACT Financial” last July.
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