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Taaleem’s IPO price is set at up to EGP 5.75/shr

Taaleem’s IPO price is set at up to EGP 5.75/shr

ArabFinance: Taaleem Management Services will offer 49% of its shares at a price of up to EGP 5.75 per share on the Egyptian Exchange (EGX), according to a statement.

This followed an approval from Egypt’s Financial Regulatory Authority on March 25th.

The issuance will be executed through an initial public offering of 17.89 million of the shares, in addition to a private placement of 339.93 million stocks.

Taaleem, a subsidiary of the listed CI Capital, was reportedly going to carry out the IPO this month.

 

*Price has been updated on the 29th of March.

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