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Abu Qir Fertilizers agrees with 4 companies to promote its secondary offering

Abu Qir Fertilizers and Chemical Industries Company announced that its main shareholders have agreed to deal with four companies specializing in subscriptions.

These are the Financial Group “Hermes”, “CI Capital”, “Renaissance Capital Egypt”, and “Al Ahly Pharos”.

The company clarified that it received an email yesterday from the government offering program advisor, “NI Capital”.

It’s stating that “Abu Qir” shareholders, namely the National Investment Bank, the Industrial Development Authority, Al Ahly Capital Holding, and the Chemical Industries Holding Company, had made the contract.

The contract aims to promote a secondary offering (equivalent to 10%), which Abu Qir Fertilizers intends to offer on the Egyptian Exchange, as part of the government offering program.