MSA eyes IPO to finance expansion

Tuesday 08 January 2019 01:12 PM


By Gehad Salem:
October University of Modern Sciences and Arts (MSA) considers offering a portion of its shares on the stock market with the purpose of financing future expansions by establishing a new branch in New El Alamein City.
Dr. Nawal El Degwi, Chairperson of the Board of Trustees of MSA, said that the university has submitted a request to the Cabinet to obtain 65 feddans in New El Alamein to build a new branch as part of expansion plan, adding that implementation would expectedly start during the current year.
In previous statements to Al-Mal newspaper, El Degwi said she intends to increase investments in both pre-university and university education through Dar El Tarbiah Schools and MSA, indicating that building a new branch of MSA is explored.
It should be recalled that MSA was founded in 1996 by Dr. Nawal El-Degwi, a pioneer of the Egyptian private education, with the vision to provide the best of British higher education in Egypt.