Cairo – Mubasher: The Egyptian Financial Supervisory Authority (EFSA) ratified the fair value (FV) of International Printing and Packaging Materials Co. to EGP 1.33 a share, according to a bourse filing on Wednesday.

Within a month as of the disclosure date, the company plans to float 7.96 million shares or a 10% stake on the Egyptian Exchange, the bourse statement revealed.

Earlier, the company appointed Mega Investments Securities as the book runner.

In the first half, the company earned EGP 4.26 million, higher 116% year-on-year from EGP 1.96 million,