By Ahmed Allam

Cairo – Mubasher: The initial public offering of MB For Engineering and Contracting was covered 7.5 times in four days, data showed on Monday.

Around 31.7 million shares were requested one day before the closing date.

The process of book building will end on 5 April.

The company decided to float 27.6% of capital, or 5.52 million shares worth EGP32.8 million, at EGP5.95 a share.