#stock market
Shares worth EGP 3.747 billion (USD 121 million) of Egypt’s leading national telecommunications, Telecom Egypt, were sold on Thursday, 11 May according to a statement released by Egypt’s Ministry of Finance. Over 162 million shares were sold at a price of EGP 23.11 (USD 0.75) in an accelerated bookbuilding form – a process in which companies sell shares within a short timeframe. Demand for shares of the first offered batch were 3.11 times higher than what was offered, the ministry…
