Egyptian dairy and juice maker Juhayna Food Industries will launch its initial public offering on the bourse to raise its capital 1 billion Egyptian Pounds ($176.5 million), the firm said in a statement on Saturday.

The company's capital is 520.4 million Egyptian Pounds.

Juhayna has announced in April it was eyeing an IPO after a fire in one of its factories caused major losses.

Juhayna Food Industries makes milk, dairy products and juices, with export markets across Africa and the Middle East. Its clients include McDonald's Corp.-Reuters