Cairo - Mubasher: Arabian Food Industries Co. (Domty) said the book-building process, as well as the pricing of the international offering to institutional investors was successfully completed at a price of EGP 9.20 per ordinary share.
The international offering to institutional investors of 110.250 million existing ordinary shares, was 5.5 times oversubscribed.
The company aims to float 43% stake on the Egyptian Exchange, through combined offering consisting of 122,500,000 ordinary shares, over two tranches including 110.250 million shares for the international offering and 12.250 million shares in the Egyptian retail offering.
Subscriptions for the Egyptian retail offering will close on Thursday, 17 March 2016.
