CAIRO - Egypt's Stock Exchange targets to have initial public offerings of three to four private sector companies in 2020, its chairman Mohamed Farid said on Tuesday.

The last IPO of a private company was earlier this month by the Egyptian generic drug maker Rameda Pharmaceutical whose shares dropped by 4.7% at their first trading session.

 

(Reporting by Ehab Farouk; Writing by Mahmoud Mourad; Editing by Alison Williams) ((mahmoud.mourad@thomsonreuters.com;))