Taaleem Management Services Company, a subsidiary of the listed CI Capital, intends to trade part of its shares on the Egyptian Exchange (EGX), according to a February 11th statement.
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Approximately 357.82 million ordinary shares, representing 49% of the capital, will be issued through an initial public offering (IPO) and a private placement in the secondary market.
Taaleem’s IPO was reportedly scheduled for execution during the first quarter of 2021.
Source: African-markets