Cairo - Mubasher: El-Ebour Co. for Real Estate Investment has recorded a 100% subscription coverage ratio to the company's capital raise.
A total of 11.75 million shares were issued at a total value of EGP 58.76 million or a nominal value of EGP 5 per share, according to a bourse filing on Thursday.
It is noteworthy to mention that in October, the Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by the company to increase the issued capital to EGP 88.14 million from EGP 29.38 million, distributing over 11.75 million shares.
