55.5% of Furi's public offer



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The total number of shares on the fourth day of the company 's public offering to immediate electronic payments amounted to 19.526 million shares out of a total of 35.365 million shares, a coverage rate of 55.2%.
Company logo for electronic payments

Rana Mamdouh

The total number of shares on the fourth day of the company 's public offering to immediate electronic payments amounted to 19.526 million shares out of a total of 35.365 million shares, a coverage rate of 55.2%.

The total number of orders recorded for the third day 173.

The company's private equity offering began on July 26 and continued until Wednesday, July 31, while individuals began trading from July 28 to August 5, with stock trading starting on August 8th.

Friday, Furei electronic payment solutions set at 6.46 pounds per share the final price of the offer of 36% of its shares on the stock market.

The company plans to sell approximately 254,629 million shares representing 36% of its capital, of which 21.2% will be sold to strategic investors: Ahli Bank of Egypt and Banque Misr (7%) and Actis (7.2%). Private placement and the remaining 5% of the IPO.

Combined revenues for the first quarter of 2010 amounted to EGP 173.9 million, an increase of 36% over the previous year, EBITDA of LE 42.4 million, up 52 , 7% compared to the previous year.

The capital of the company amounts to LE 353.7 million divided into 707.3 million shares of par value of LE 0.5 per share.

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