The seventh investment Company has purchased 65 million shares of “Rameda” with a total value of LE 135.2 million, at an average purchase price of LE 2.08 per share.
Ramida added that during the last quarter of 2019, the adjusted operating profits before tax, interest, depreciation and amortization decreased 2 percent.
Trading commenced on Rameda (RMDA.CA) with a celebration of company number 215 on EGX’s main market platform.
The Company referred that the IPO will be closed on Wednesday, Dec. 4.
Rameda said that trading will be made in two tranches and will be priced at LE 4.66 per share.