By: Heba El-Kordy
Cairo – Mubasher: Al Tawfeek Leasing Company’s IPO was oversubscribed by 28 times, according to Nabil Hashem, head of institutions at Mubasher Financial Services (MFS).
Investors subscribed in 134.4 million shares of the IPO’s 4.8 million shares, Hashem told Mubasher.
Al Tawfeek Leasing’s private placement was also oversubscribed by 40.16 time, the Egyptian Exchange (EGX) stated.
Translated by: Muhammad Khalid
