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El Obour Real Estate's capital raise subscription coverage exceeds 90%

El Obour Real Estate's capital raise subscription coverage exceeds 90%
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El Obour Real Estate Investment
OBRI
-100.00% 13.95 -14.83

Cairo - Mubasher: El-Ebour Co. for Real Estate Investment has recorded a 90.46% subscription coverage ratio to the company's capital raise.

Around 10.631 million shares were issued at a total value of EGP 54.43 million or a nominal value of EGP 5 per share, according to a bourse filing on Thursday.

It is noteworthy to mention that during the first nine months of 2021, the company's net profits increased to about EGP 831,140, compared to EGP 668,440 in the year-ago period.