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Taaleem's private offering 2.34 times oversubscribed

Taaleem's private offering 2.34 times oversubscribed
The final price has been set at EGP 5.75 per share
CI Capital Holding
CICH
-0.21% 4.79 -0.01

Cairo – Mubasher: Taaleem Management Services announced that its private offering has been oversubscribed by 2.34 times

The private offering for retail and institutional investors with high financial solvency includes 339.93 million shares valued at EGP 5.75 apiece, the company said in a statement to the Egyptian Exchange (EGX) on Monday.

The final price has been set at EGP 5.75 per share in the public offering which includes 17.89 million shares.

The deadline for subscription to the public offering is Thursday, 1 April.

The EGX’s listing committee approved listing the shares of Taaleem Management Services with an issued capital of EGP 730.250 million distributed over 730.250 million shares.

CI Capital Holding For Financial Investments owns a direct and indirect stake of about 16.5% in Taaleem.