Dice Sport’s rights issue oversubscribed at 94.84%
Updated 7/25/2022 11:34:03 AM
Arab Finance: The rights issue of Dice Sport and Casual Wear (DSCW) was subscribed at a coverage ratio of 94.84%, according to a statement filed to the Egyptian Exchange (EGX) on July 25th.
Under the rights issue, nearly 1.256 billion shares were subscribed at a value of EGP 251.32 million.
The subscription to the first phase of the rights issue was closed on July 20th and a second phase for subscription will not be opened as per the decisions of the extraordinary general meeting (EGM) held on February 12th.
Dice is an Egypt-based company engaged in the casual wear garments and textile industry.
The company manufactures and distributes ready-made casual wear made of pure and mixed cotton, polyester, and viscose fabrics in different types, as well as other knitting products.
