Prime Holding Company for Investment (PRMH) is preparing to execute the offering of a stake in Ghazl Al Mahalla Football Club (GMFC) on the EGX early next month.
Who is affected🤷 Mohamed Maher, CEO of Prime Holding (PRMH), said the private placement is currently being promoted, & the offering procedures will start at the beginning of November at the latest. Maher added that the success of E-Finance’s listing on the EGX encouraged Ghazl El Mahalla’s offering, especially since the stake to be offered is not large.
More details🧐 GMFC aims to offer a stake of up to two-thirds of its shares, to increase the capital by raising EGP 135 million. Maher added that more details on the offering will be announced during the next month.
