Public Offering
This includes buildings owned by ministries, government agencies, and insurance companies
The president ordered continuing the development of Egyptian airports through international partnerships based on efficiency and sustainability, while also encouraging the private sector's participation, within the framework of Egypt’s Vision 2030.
Madbouly disclosed the government's plans to offer 11 companies for sale during the upcoming year, prominently featuring the military-affiliated Wataniya, Safi, Silo Foods, and ChillOut
Madbouly disclosed the government's plans to offer 11 companies for sale during the upcoming year, prominently featuring the military-affiliated Wataniya, Safi, Silo Foods, and ChillOut
CI Capital is acting as the lead manager for the share offering, with Commercial International Brokerage as the broker, and Baker Tilly serving as the financial advisor.
President Abdel Fattah El-Sisi previously announced the company’s IPO back in 2021 and was noted as potentially the country’s largest initial public offering in its history
EGX clarified in a filing that the public offering registered LE76.06 million through 5.06 million shares, and the private offering amounted to LE 1.6 billion through 96.18 million shares.
The private offering of the cigarette company was oversubscribed by 1.8 times at price of LE 17 which exceeds the company’s share price on Thursday by 3 percent.
Private offering recorded demands of LE 6.5 billion.
The company offered 28,089,457 existing ordinary shares at a price of LE 22.60 per ordinary share.
