Cairo – Mubasher: The Egyptian Stock Exchange (EGX) said on Sunday that trading on Arabian Food Industries Company’s stock will start as of 22 March at a nominal value of EGP 9.2 ($1.04).
Trading on the stock will be without price limits in the first session only, according to a statement.
The EGX announced today executing today the public and private offering of 122.5 million shares in Arabian Food Industries (Domty).
The company has floated 122.5 million shares, or 49% of capital, at EGP9.20 each, totaling EGP1.127 billion.
Domty offered a total of 110.25 million shares in a private placement to institutions and 12.25 million shares in an initial public offering. The private offering was covered 5.5 times, while the IPO was 10.72 times oversubscribed.
