This came during a workshop organized by the Stock Exchange in coordination with the European Bank and the Federation of Eurasian Stock Exchanges, to familiarize companies with the requirements for registration
Taaleem will be traded under the symbol (TALM.CA).
Regarding the public offering, the statement indicated that the offering was executed on 17.891 million shares, representing 5 percent of the total shares offered for sale, which represents 2.45 percent of the total issued company shares.
ICON clarified in a statement to the Egyptian Exchange (EGX) Tuesday that it seeks to complete the procedures for registering the new company and listing it on the EGX before the end of the second quarter of 2021.
The total number of companies operating in the field of retail trade listed on the stock exchange ranges from 7 to 8 companies only, which is a little number compared to the benefits that will accrue to companies from being registered in the bourse.
The Egyptian government sovereign green bond offering is valued at $750 million with a five year term.
“The offering will be considered again,” he said.
The company canceled the offering of 10 percent through the management contract and another 15 percent would be put on the stock exchange.
A review of all ups and downs in Egyptian economy and the stocks market in 2019, as well as positive expectations for 2020.
The second phase includes 10 companies, containing eight mining and industrial companies, in addition to e-finance and Banque du Caire.
Arabs and foreigners represented 19.7 percent of the IPO and 49.3 percent of the private offering.
EGX’s data revealed earlier that initial public offering’s (IPO) of digital payment company Fawry on EGX was oversubscribed by 30.3 times at LE 6.46 per share.
This share represents 13 million shares of the Speed Medical Company’s share capital at LE 3.57.
The company clarified in a filing to the Egyptian Exchange (EGX) that the subscription reached LE 1.24 billion, excluding issuance expenses of LE 18.6 million.
The indicative price for its IPO ranges from LE 7.04 and LE 8 per share, with an expected offering size ranging between LE 2.1 billion to LE 2.4 billion.