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Domty IPO oversubscribed by 10.718 times

Shares in the Arabian Food Industries Company’s (Domty) initial public offering (IPO) were oversubscribed by 10.718 times at the closing of the IPO on Thursday. Thursday marked the final day of the IPO, which was held on the Egyptian Exchange for approximately 12.250m shares. A total of 2,430 subscribers were registered for approximately 131.306m shares. …

Mohamed Ahmed

LE 1.2bn estimated value of Domty IPO: Sources

Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.

Mohamed Ahmed

Egyptian dairy Domty aims to float 30% of company within two years

Reuters – Arabian Food Industries Co (Domty), one of Egypt’s top dairies, plans to float 30% of the company in an initial public offering within two years, Chairman Omar el-Damaty has told reporters. The firm, which has a market share of 32%, produces 80,000 tons of cheese a year and exports to Jordan, Lebanon, and …

Daily News Egypt

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