Cairo – Mubasher: Obour Land for Food Industries said its public offering was covered by 1.94 times, said the Egyptian Exchange (EGX).
EGX stated that the public offering was covered through registered purchase orders over 46.57 million stocks at the OPR market which value stands at EGP 450.8 million.
Moreover, the final offering price for both the private placement and the public offering stood at EGP 9.68 per share.
Obour Land floated 40% stake that is equivalent to 80 million shares on Egypt’s bourse.
