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New Castle for Investment fair value set at EGP2.3/shr

New Castle for Investment fair value set at EGP2.3/shr
EGX headquarters (Photo Credit: Mubasher)

By Waleed Abd-Elsalam

Cairo – Mubasher: The Egyptian Financial Supervisory Authority approved the fair value of New Castle for Investment Sports at EGP2.3 per share, said the Chairman of Eagle Advisors Yasser Emara.

Earlier, the chairman said New Castle for Investment, which is capitalized at EGP4.2 million,  is planning to float a 20% stake at EGP850,000 on the Egyptian Stock Exchange.

The stock’s par value and book value are at EGP2 and EGP2.08 respectively, Emara indicated.

Eagle advisor is the financial sponsor of New Castle’s initial public offering.