EGX unveils final price, coverage ratio for Bonyan's private offering
Moreover, the EGX noted that the final offering price has been set at EGP 4.96 per share.
This came as disclosed by the issuing company in the Al Mal and Al Borsa newspapers on July 14th.
Accordingly, the EGX has instructed all brokerage firms participating in the public offering to deposit at least 25% of the total value of shares they intend to purchase.
Additionally, firms must adjust any previously recorded orders to reflect the final price of EGP 4.96 per share.
It is worth noting that the company seeks to raise EGP 1.8 billion by offering 20% to 21.9% of its shares, about 362.903 million shares, according to its IPO prospectus.
In his first exclusive interview following the initial public offering (IPO) subscription launch, Shamel Aboul Fadl, Executive Chairman of Bonyan, told Arab Finance that trading on Bonyan's stock is expected to begin before the end of July.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
5 hours ago
- Zawya
Orascom Development Egypt announces the appointment of Eskandar Tooma as its new Chairman
Cairo, Egypt; Orascom Development Egypt (ODE) board of directors announces that Dr. Eskandar Tooma has been appointed as the company's new Non-Executive Chairman of the Board of Directors. Dr. Eskandar succeeds Dr. Samy Saad Zaghloul, who is leaving after ending his six-year term at ODE. This leadership change underscores ODE's dedication to maintaining strong governance and strategic oversight through experienced leadership. The board would like to express its sincere appreciation to Dr. Samy for his invaluable contributions throughout a pivotal period. Dr. Samy will transition into a new role with ODE as the Chairman of ODE's non-profit foundation. Dr. Eskandar Tooma is a distinguished executive leader, academic, and expert in governance and financial management. He rejoins Orascom Development after previously serving as an executive director of the Group from 2013 to 2016. With a career in academia spanning more than two decades, Dr. Tooma was a tenured Professor of Finance and the founding head of the Finance Unit at the American University in Cairo. In addition to his executive and academic roles, Dr. Tooma has held several high-profile non-executive board positions in many companies, including Telecom Egypt, Vodafone Egypt, Egypt Post, Madinat Masr, Taaleem, Egyptian Resorts Company, B Investments, and the oversight board of the HSBC Egypt Money Market Fund, among others. About Orascom Development Egypt (ODE): Orascom Development Egypt is the largest subsidiary under Orascom Development Holding (ODH), a leading international developer specializing in vibrant, integrated communities in Europe, the Middle East, and North Africa. For more than 30 years, Orascom Development Holding has been a pioneer in creating destinations where people are inspired to live, work, and play with passion and purpose. From El Gouna's stunning Egyptian coastal town by the Red Sea to O West's modern and integrated town living in the heart of West Cairo's Sixth of October, each master-planned community is a testament to ODE's commitment to placemaking at its finest. Other integrated towns in Egypt include Makadi Heights near the Red Sea, Taba Heights on the Sinai Peninsula, and Byoum in Fayoum. ODE owns a land bank of over 50 million square meters, with nearly 28% of the land developed or under development. ODE's hospitality portfolio comprises 24 premium and luxury hotels, featuring over 4,900 rooms in Egypt. ODE shares are listed on the Egyptian Stock Exchange (EGX). For more information, please visit Contact for Investors: Ahmed Abou El Ella Head of Investor Relations Email: ir@
Zawya
8 hours ago
- Zawya
President El-Sisi Meets the Prime Minister, Minister of Supply, Minister of Agriculture
Today, President Abdel Fattah El-Sisi held a meeting with Prime Minister Dr. Mostafa Madbouly, Minister of Supply and Internal Trade Dr. Sherif Farouk, Minister of Agriculture and Land Reclamation Alaa El-Din Farouk, and Executive Director of the 'Future of Egypt for Sustainable Development' Authority, Colonel Dr. Bahaa El-Ghanam. Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said that during the meeting the availability of strategic reserves of essential commodities, particularly wheat, sugar, oil, meat, and poultry was confirmed. It was stressed that Egypt's food security is in a stable and reassuring state. The meeting reviewed details pertaining to contracts for the purchase of strategic commodities. These included contracts for the acquisition of 3.4 million tons of wheat, 192,000 tons of crude oil, 4,000 tons of frozen poultry, and 6,000 tons of frozen meat. Furthermore, it was noted that the State seeks to diversify its sources for wheat imports to ensure the availability of adequate quantities and avoid potential crises. President El-Sisi stressed the importance of full coordination among all state bodies concerned with food security, so as to ensure harmony among these institutions, facilitate their effective implementation and confirm alignment with state policies. The meeting highlighted the importance of cooperation among the relevant state authorities and 'The Future of Egypt' Authority to designate the areas within the New Delta to be cultivated with strategic crops, thereby maximizing planted acreage and increasing the self-sufficiency rate. The meeting also discussed efforts underway to ensure the efficient operation of bakeries, mills, and markets and reviewed progress on the "One-Day Market" initiative. The first phase of the initiative was launched in November 2024 with 200 markets, and the second phase began in May 2025 with more than 200 additional markets. The discussion tackled efforts to establish partnerships with the private sector, attract foreign investments in the retail sector, and establish commercial chains in Obour City, Nasr City, and Qalyub. The meeting also reviewed the Ministry of Supply and Internal Trade's efforts and preparations to launch a government commercial chain under the name "Carry On", marking the first unified brand in partnership with the private sector. Furthermore, the meeting reviewed efforts exerted to develop internal trade and to refine the databases of government subsidy beneficiaries, ensuring that support reaches those who meet the relevant criteria and conditions. Additionally, the meeting included detailed discussions on food security, the operational status of the Commodity Exchange, and the government's efforts to activate it as a safeguard for markets and an effective price-regulation mechanism. This initiative is expected to boost food security and ensure the sustainable availability of essential goods at reasonable prices, balancing the interests of producers and consumers, while supporting the agricultural and industrial sectors. It was noted that exporters and importers have begun registering in the Commodity Exchange, which is set to become the unified platform for importing and exporting goods. A draft law is currently being prepared to regulate the exchange, drawing on legislation from other countries with similar systems. The meeting also reviewed the state's policies for growing and supplying strategic crops, efforts toward digital transformation and technological integration in agriculture, and strategies to reduce agricultural expenditures. The status of the fertilizer sector, particularly nitrates and urea was discussed, with a strong emphasis on implementing gradual and balanced reforms to protect farmers and ensure food security. Finally, the meeting focused on initiatives to improve agricultural land, adopt mechanization, and enhance the productivity of red meat and dairy sectors. President El-Sisi stressed the importance of improving local livestock breeds to increase their yield in both meat and milk production. Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.
Zawya
10 hours ago
- Zawya
Egypt's production of gold, silver up 14% YoY in FY2024/25: Badawi
Egypt's production of gold and silver reached almost 640,000 ounces during fiscal year (FY) 2024/2025, with an increase of about 14% over the previous year, Minister of Petroleum and Mineral Resources Karim Badawi announced. During his speech at the fourth edition of the Egypt Mining Forum 2025, Badawi highlighted that the sales of gold and silver increased by nearly 57% to $1.54 billion in FY 2024/2025. He also announced the production of almost 26 million tons of ores and © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
