By: Mostafa Adel
Cairo - Mubasher: MM Group for Industry and Trade has officially submitted documents for its capital subscription amounting to EGP 369 million ($41.1 million), to subscribe 369 million shares with EGP 1 per share, according to an official at the Egyptian Exchange (EGX).
Beltone Financial Holding is the lead manager for the subscription of MM Group’s shares on the EGX, for which it executed a roadshow in Saudi Arabia, the UAE and Kuwait.
It is expected that the initial public offering (IPO) will take place in the third quarter of the current fiscal year, through subscribing about 25% of the total company shares.
Translated by: Sara Ghali
