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Source: Thomson Reuters.   Last updated on Feb 23, 2019 at 02:02AM (UTC).   Delayed by at least 15 minutes.
Cleopatra Hospital First Day of Trading at The Egyptian Exchange
Jun 02, 2016
Today, Thursday, June 2, 2016, trading on Cleopatra Hospital Company shares started with the Reuters code (CLHO.CA) through the opening of the trading session. This comes in light of the successful completion of the subscription process and meeting the allocation requirements for the number of 34 million shares allocated to the private offering for the financial institutions and investors with financial solvency, and 6 million shares to the public offering in the secondary market at the Egyptian  Exchange (EGX), known that the private offering subscription was covered by a rate of 6.73 times, while the subscription in the public offering part was covered by 28.6 times. 
So the market capitalization of Cleopatra Hospital Company reached L.E. 1.44 Billion (about US $ 162.2 Million) as per the final price of the IPO process in EGX.

And commenting on that matter, Dr.Mohammad Omran, EGX Chairman stated that the IPOs continuation in the Egyptian market reflects its ability to attract the most promising and powerful companies, and at the same time, the rise in the number of coverage times reflects the investor optimism about the future. He said that listing Cleopatra Hospital promotes for the diversity and depth of the market, as the Egyptian market is considered to be the most diversified in terms of sectors in the region. Stressing on the continuation of EGX efforts to attract new companies to the market to emphasize its role as a source of funding in the economy, which helps to increase the ability of companies to expand and grow.

From his part, Dr.Ahmad Ezz El-Din, the Executive Chairman and CEO of Cleopatra Hospital, expressed his pride with the company's entry in the list of listed companies in EGX. He said that the hospitals Group has a record of historic achievements supported by their leading position and good reputation, and the company is keen to maximize the return on investment for shareholders through enhancing the integration and interdependence levels between the hospitals and implementing the planned expansions at El Shorouk and Cleopatra Hospitals, along with launching clinics models to be built in Greater Cairo area, as well as in the new urban communities. He stated that the group seeks to meet the growing demand for high-quality health care services in the domestic market by providing an integrated system of health care services that match the highest international standards, as per the effective attempts to alleviate the patients’ suffering.

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