Egypt’s Arabian Cement to Announce IPO Price on May 10 -CEO

Egypt’s Arabian Cement Company has set an indicative price range for a forthcoming stock market flotation at between EGP 8.45 and EGP 9.55 (USD 1.37), with trading to begin on or around May 21, Chief Executive Jose Maria Magrina said on Monday.

The deadline for buying orders will be on May 8 for private placement and May 13 for retail. The price of the initial public offering will be announced on May 10, he said.

Source: Reuters

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