* EFG Hermes plans 3 IPOs for this year, co-CEO tells paper
* Says total value over $300 mln, listings to include
Arabian Cement Co
* Egyptian stock market has risen 45 percent since Mursi's
* Bourse investors see signs of political, economic
CAIRO, Jan 28 Egypt's largest investment bank
said it is lining up share flotations for three firms worth a
combined $300 million-plus this year, the first on the Cairo
exchange since before the fall of autocrat Hosni Mubarak in
EFG Hermes' co-chief executive officer Karim Awad
told financial newspaper Al-Mal the planned IPOs, announced
following sharp recent gains by Egypt's stock market, would
include a listing for Egypt-based Arabian Cement Company.
The last IPO on the Egyptian exchange was in 2010.
Since then, the country's capital markets have been crippled
by the political unrest that followed Mubarak's fall in February
Tensions between the army-backed government and Islamist
militants have spiked in recent days, and gunmen assassinated a
senior Interior Ministry official, General Mohamed Saeed,
outside his Cairo home on Tuesday.
But stock market investors have paid little attention to the
spiralling violence, seeing signs of economic and political
stabilisation since this month's referendum approving a new
constitution, which has cleared the way for presidential and
Egypt's stock exchange has risen by more than 45
percent since the army ousted Islamist President Mohamed Mursi
last July following mass protests against his rule.
In a bid to boost trading and attract further investment,
Egypt's financial regulator will implement new regulations for
companies listed on the bourse next month.
"The IPOs will hopefully happen this year", EFG Hermes' Awad
told Reuters by email. "The exact timing in the year will be
agreed with the companies who are undertaking the IPOs and
considering the state of the financial markets."
He declined to give details of the two companies other than
EFG Hermes shares were up by 3.7 percent on Tuesday to trade
at 11.25 Egyptian pounds ($1.62) at 1100 GMT.