Built to inform

Sign up for the daily newsletters

No, Thank you

Emaar Misr's Cairo bourse debut set for 5 July

Emaar's Egyptian subsidiary will list on the Cairo stock exchange EGX in Cairo on Sunday, 5 July, 2015

Emaar Misr will list on Egyptian Exchange in Cairo.
Emaar Misr will list on Egyptian Exchange in Cairo.

Egypt's Emaar Misr will list on the Egyptian Exchange (EGX) on or around July 5, the company said in a statement today (Tuesday, 30 June, 2015).

Newswire Reuters reported the listing date is "marginally later than what the developer previously expected, saying earlier this month it planned a listing on or around 2 July".

Emaar Misr, the unit of Dubai's Emaar Properties which offered 12.99% of its shares in an initial public offering, said it now expects to obtain approval from the bourse to list on 2 July.

The share sale, which took place between 4 June, 2015 and 25 June, 2015, raised $298.8 million (EGP2.28bn).

On 25 June, traders said the offering was oversubscribed by about 36 times for the retail portion, and 11 times for institutional investors.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week Middle East 11th Jan 2020
Jan 16, 2020