Soya Supreme, set up in 1991, will determine the IPO’s timing based on market conditions, Ahmad Ghulam Hussain, CEO of Agro Processors and Atmospheric Gases (APAG), the parent company of the brand Soya Supreme, told Reuters. The board has authorised the management to appoint Habib Bank Limited (HBL) and KTrade, a brokerage, to initiate the process of an IPO, Hussain told Reuters. It is also exporting specialised fats to the Middle East and North Africa region, Hussain said. This year, Dalda, the country’s biggest consumer staple, announced plans for an IPO to raise between Rs3.3bn to Rs4.6bn. At Rs4.6bn, it would be the largest IPO by a consumer staple company.

Source: The North Africa Journal September 08, 2023 11:47 UTC