Arab Finance: Cleopatra Hospital Company S.A.E. (CLHO) announced that it will offer 40 million shares representing 25% of the company’s capital, at maximum price of LE12.16 per share.

The company added the offering will be on two phases; the first is initial public offering IPO to sell 6 million shares, representing 15% of the offered shares (3.75% of the company’s issued capital) at LE12.16 starting from today May 22, 2016 till ending of trading session May 30, 2016, as the final price will be set after closing private offering that will be through Book Building.

While the private offering will be on 34 million shares, representing 85% of the offered shares (21.25% of the company’s issued capital).

The company revealed in a statement sent to EGX, the final price of the company’s share will be announced on May 26, 2016.

Source: EGX & Arab Finance editor