ArabFinance: Egyptian Stock Exchange (EGX) announced on December 26, 2017, implementation of public and private offering for 24% of Al Tawfeek Leasing Company - A.T.LEASE's (ATLC) capital. The company offered 19,200,000 shares divided into 4,800,000 shares for the public offering and 14,400,000 shares for the private offering, at par value LE6.60. The total amount of the offering costs LE126,720,000.

EGX added the issuing A.T.LEASE's stocks will be traded on only December 28, 2017, without restricted by the price limits or the market mechanism, moreover, starting from the second session the company stock will have traded in compliance with market mechanisms, as the indicative price LE6.60 per stock. 

In accordance with Public Subscription Notice (PSN) EGX will open an OPR market for stock price stability in market after offering implementation. 

In accordance with stock price stability mechanism in Public Subscription Notice (PSN) after offering implementation, EGX will open OPR market starting from December 28, 2017, and ending January 28, 2018.

Offering manager will be committed to record opened orders at LE6.60 (public offer price) to purchase shares from shareholders who purchased in Public offering and intend to sell at maximum of their allocated shares, according to MCDR - Misr for Central Clearing, Depository and Registry.