Cairo – Mubasher: Cleopatra Hospital said its board of directors approved the disclosure report related to delegating the company’s board to take the necessary actions in respect to raising the company’s issued capital by EGP 360 million (excluding minority interest of current shareholders).
The capital increase of EGP 360 million will be spread over 40 million shares at EGP 9 par value each.
The capital hike will be completely allocated to Care Healthcare which is Cleopatra Hospital’s main shareholder.
Cleopatra Hospital started trading on the Egyptian Exchange of 20 June. The began after a book-building process in which shareholder Care Healthcare Limited offered 34 million shares to international institutional investors as well as 6 million shares to Egyptian retail investors (creating the “Combined Offer”). The institutional offering was 6.73 times oversubscribed and the Egyptian retail offering 28.6 times oversubscribed
