EGX receives largest offering on bourse “e-finance” Wednesday

EGX receives largest offering on bourse “e-finance” Wednesday

CAIRO – 20 October 2021: The Egyptian exchange (EGX) received Wednesday the incomer number 241 in the list of listed companies, e-finance for financial and digital investments, a leading company in the development, management and operation of technological networks for digital transactions. The company will be traded under the symbol (EFIH.CA). The latest EGX data revealed that e-finance for financial and digital investments topped the list of the largest offerings on the Egyptian Stock Exchange, with a value of LE 5.8 billion, exceeding the LE 5.2 billion offering of Telecom Egypt's offering in 2005. The public and private offering of e-finance for financial and digital investments was carried out for 417.77 million shares, representing 26.10 percent of the company's issued capital, at a price of LE 13.98 per share in two tranches (public and private) with a total value of LE 5.84 billion. The number of public offering shares distributed over 25.77 million shares, representing 6.17 percent of the total shares offered for sale, representing 1.61 percent of the company’s total issued shares, while the number of private offering shares amounted to 392 million shares, representing 93.83 percent of the number of shares offered for sale, which represents 24.5 percent