Cairo - Mubasher: MubasherTrade Research has determined the fair value (FFV) of Bonyan for Development and Trade Company’s stock at EGP 7.94 per share, with a medium-risk buy recommendation.

Mubasher Research evaluated the company's stock using discounted cash flow (DCF), net asset value (NAV), and adjusted book value models.

Bonyan seeks to capitalize on its position as a leader in the Egyptian real estate investment market by acquiring premium assets with a focus on administrative buildings, according to the report.

It added that the company's operations leverage the rapid urban expansion and the devaluation of the Egyptian pound.

Meanwhile, Bonyan announced its initial public offering (IPO) to trade 33% of its shares on the Egyptian Exchange (EGX).