Tawasul
Mubasher TV
Contact Us Advertising   العربية

Rameda’s stock to start trading on EGX on 11 December

Rameda’s stock to start trading on EGX on 11 December
The public offering was oversubscribed by about 36 times
Rameda
RMDA
0.50% 4.03 0.02

Cairo – Mubasher: The surplus subscription amount of the public offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) will be refunded to investors starting from 5 December.

Rameda’s stock will start trading on the Egyptian Exchange (EGX) on 11 December, according to a bourse disclosure on Thursday.

The pharmaceuticals company’s public offering was oversubscribed by about 36 times and the allocation rate is expected to be 2.7% for every order.

CI Capital previously revealed that Ramdeda’s private offering was oversubscribed by 117% at EGP 4.66 per share.