Cairo - Mubasher: The Egyptian Exchange (EGX) on Thursday announced that it will open the private placement market for the British Egyptian Company for General Development’s (Galina) stock from 7 to 11 May.
The minimum number of orders will be 1,000 shares, according to the statement.
Galina said that 14.4 million shares or 20% of the company’s shares will be offered at a price of EGP 1.10 per share.
The company had previously posted a net profit of EGP 3.58 million in the fiscal year ending 31 December 2016, compared to EGP 797,700 in 2015.
