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FINANCIAL NEWS
Egypt estimated value of Domty IPO reaches USD 0.15bn
02 Mar 2016
(MENAFN) Arabian Food Industries Firm ‘Domty’ proclaimed the offering of up to 122,500,000 existing ordinary shares introducing 49 percent share.
Moreover, the whole value of the transaction will differ between USD 0.14bn and USD 0.15bn, which will focus on building business that delivers appealing.
In addition, the firm is changing into a public Co. with best-in-class corporate governance practices and look forward to host institutional and retail investors.
The company grew to become the nation’s largest cheese supplier by market share, with ISO-certified production facilities, as national sales are growing.
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