Saturday, June 9, 2007

CMA approved Ghabbour Auto offering (7 Jun. 2007)

Arab Finance: According to Al Alam Elyom; CMA approved Ghabbour's request to initiate an IPO and private placement. 7.5 million Shares are offered to the public through the IPO; subscription will start on June 22nd and end on July 2nd, investors can subscribe to a minimum of 150 shares and a maximum of 60,000 at LE 39.0 price per share, while the private placement’s subscription is for a minimum of 23.7 million shares and a maximum of 27.7 million shares.

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