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Taaleem’s IPO to open for subscription next month

Taaleem’s IPO to open for subscription next month

ArabFinance: Taaleem Management Services Company, a subsidiary of the listed CI Capital, is expected to carry out the initial public offering (IPO) in March, Al Borsa News cited well-informed sources on February 18th.

The company is reportedly opening the IPO and private placement for subscription by offering 357.8 million shares owned by Sphinx Obelisk. This volume represents 49% of Taaleem’s capital.

In a statement to the Egyptian Exchange earlier this month, CI Capital announced that Taaleem intends to float part of its shares.

CI Capital’s subsidiary owns Nahda University in Beni Suef, which includes seven faculties.

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