Taaleem plans to float shares on Egyptian Exchange

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.

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.