Cairo – Mubasher: Egypt's e-finance For Digital and Financial Investments has set the final price for its initial public and private offerings on the Egyptian Exchange (EGX) at EGP 13.98 per share.
The final deadline for placing orders for the initial public offering (IPO) is on 17 October, according to a statement on Tuesday.
On Monday, the Financial Regulatory Authority (FRA) approved a request by e-finance to raise the number of the offered shares for sale to 417.77 million, representing 26.1% of the total shares, from 257.77 million shares or 16.1% of total shares.
During the first half (H1) of 2021, the e-payment firm logged consolidated net profits of EGP 275.56 million, up from EGP 152.45 million in the prior-year period, including minority shareholders' rights.
