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Ibn Sina Pharmaceuticals to offer 40 percent shares
(MENAFN) Egypt's Ibn Sina Pharmaceutical Industry, one of the largest drug distributors in the country is offering nearly 40 percent of its shares on the bourse in December in which might worth as much as USD90.65 million.
The Egyptian Financial Supervisory Authority (EFSA) has approved the company's prospectus with a maximum price cap of 6.66 pounds, according to an official at sole underwriter Beltone Financial Holding of the shares on Thursday.
However, head of investment banking at Beltone, Mohamed el-Akhdar said that the offering would range from 5.21 pounds to 5.95 pounds per share.
The Egyptian Financial Supervisory Authority (EFSA) has approved the company's prospectus with a maximum price cap of 6.66 pounds, according to an official at sole underwriter Beltone Financial Holding of the shares on Thursday.
However, head of investment banking at Beltone, Mohamed el-Akhdar said that the offering would range from 5.21 pounds to 5.95 pounds per share.
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