Cairo – Mubasher: The Egyptian Exchange announced Sunday 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.
