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Orascom Development EDRs deal sealed - EGX

Orascom Development EDRs deal sealed - EGX
Photo Credit: Arabianeye-Reuters

Cairo – Mubasher: The Egyptian Exchange (EGX) said that a transaction was executed for purchasing Orascom Development Holding’s Egyptian depositary receipts (EDRs), which will be voluntarily delisted.

The deal value is worth EGP 98.17 million, executed through 18.7 million EDRs at EGP 5.25 per each depositary receipt, according to a bourse statement issued on Monday.