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Riqueza sets ICMI’s fair value at LE1.91/ share

Riqueza sets ICMI’s fair value at LE1.91/ share

Arab Finance: The International Company for Medical Industries (ICMI) announced the results of the fair value study set by Riqueza Financial Consultancy Company, according to Egyptian Financial Supervisory Authority’s (EFSA) request.

Riqueza stated that the ICMI’s fair value is LE22,861,557 (LE1.91 per share), depending on the two methods; Price-Earnings Ratio method (P/E Ratio) (LE0.28 per share), in addition to discounted cash flows method (DCF) (LE1.63 per share).

 

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