Private offering of Taaleem Management Services oversubscribed 29.38 times: EGX

Private offering of Taaleem Management Services oversubscribed 29.38 times: EGX

FILE - Employees in the EGX following performance of the trading session on December 12, 2017







CAIRO – 1 April 2021: The private offering of Taaleem Management Services Company, amounting to 525.616 million shares, was covered 29.38 times, at a price of LE 5.75 per share, the Egyptian Exchange (EGX) said.

 

The EGX stated in a statement, Thursday, that the buy and sell orders for the issued company's shares expired today.

 

CI Capital's actual stake in Taaleem is about 16.5 percent.

 

The Committee for the Registration of Securities at the EGX had agreed to list the shares of the Taaleem Management Services with a source capital of LE 730.250 million, divided into 730.250 million shares, with a nominal value of one share, represented in two issues in the listing of Egyptian securities (shares).

 

Moreover, it decided to list the company's shares on the stock exchange database as of tomorrow,