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Home International Customs Egypt

Egypt’s Emaar offers stakeholders 600m shares in Cairo bourse

byCustoms Today Report
08/05/2015
in Egypt, International Customs
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CAIRO: Egypt’s Emaar Misr said that its board had recommended to shareholders that the developer offer 600 million shares on the Cairo bourse to raise 2.8 billion Egyptian pounds (Dh1.35 billion, $366.97 million).
The subsidiary of Emaar Properties, Dubai’s largest real estate developer, said in a statement to the stock exchange it would price the shares at 4.70 Egyptian pounds each on the recommendation of accounting and advisory firm Grant Thornton.

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