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.

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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 plans to float shares on Egyptian Exchange
Taaleem plans to float shares on Egyptian Exchange

Taaleem’s IPO was reportedly scheduled for execution during the first quarter of 2021.

 

Source: African-markets

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