Egyptian dairy firm Domty to list in March — managing director

Cairo: Egyptian dairy firm Arabian Food Industries Co. (Domty) is planning an initial public offering (IPO) on the Cairo bourse in March, Chairman and Managing Director Omar El Damaty said.

Market sources say the firm plans to raise around 1 billion Egyptian pounds ($127.71 million) through the listing. Arabian Food Industries Co. is a leading manufacturer of cheese and dairy products in Egypt, and owns a flagship cheese brand called Domty.