EFG-Hermes Holding, the biggest publicly traded Arab investment bank, has a “robust” pipeline for initial public offerings in Egypt as the stock market rallies, co-chief executive officer Karim Awad said. “We have a number of IPOs that we are currently pitching and others that we have been mandated,” Awad said in an interview in Dubai. The IPO of Cairo-based Arabian Cement Co is set to close in the second quarter, according to Ahmed El Guindy, head of investment banking at EFG-Hermes, which was hired as joint lead manager for the offering in 2013. The IPO would be the first in Egypt since the 2011 uprising that ended Hosni Mubarak’s three-decade autocratic rule. The revolt was followed by political turmoil that prompted the army to remove Mubarak’s successor, Mohamed Mursi, from power in July. Egypt’s benchmark EGX 30 Index has rallied more than 60% since the military’s intervention, making it one of the world’s best performers in 2014.