ArabFinance: Prime Holding (PRMH) has commenced to communicate with institutions to cover the private placement of Ghazl El-Mahallah Sports Club with EGP 35 million, Muhammad Maher said to Al Mal News.
Prime Holding is the lead underwriter of Ghazl El-Mahallah Sports Club.
The CEO of Prime Holding for Financial Investments stated that the IPO stage, whose proceeds are estimated at EGP 100 million, is awaiting the approval of the General Investment Authority for the value of the in-kind share in the company’s capital of EGP 200 million, which represents usufruct rights. incurred a consolidated net loss of EGP 11,367,901 in quarter one (Q1) 2021.
Prime Holding incurred a consolidated net loss of EGP 11,367,901 in quarter one (Q1) 2021.
The listed company is engaged in the provision of several investments and financial services for corporations, institutions, government entities, and individuals within Egypt and abroad.