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Saudi Arabia’s PIF & Hermes Took Part In Macro Group’s Private Placement

Saudi Arabia’s Public Investment Fund (PIF), EFG Hermes, and Franklin Templeton Mutual Fund participated in the private placement of Macro Group Pharmaceuticals (Macro Capital), which was oversubscribed 1.8 times, according to the company’s chairman “Ahmed El Nayeb,” in an interview with Asharq Business.

The company managed to raise about EGP 1.3 billion by offering 45.8% of its shares on the Egyptian Exchange for EGP 4.85/share.

Trading on Macro’s shares began Today, Thursday.