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Ghazl El Mahalla completed a private placement of EGP 37 million

Yesterday, Tuesday, the private subscription of Ghazl El Mahalla Football Company was completed.

It has been covered through the participation of Egyptian institutions and individuals (with a value of EGP 20 million) and Arabs (with a value of EGP 17 million).

The company is scheduled to hold a general meeting soon to approve the results of the private placement.

It will call for a public subscription to increase its capital from 102 to EGP 200 million.

It is expected that Mahalla’s ​IPO will be next February.